To renew the lease for an existing business
tenancy and maintain and increase the revenue income for the
The current tenant has requested that the new lease be in the name of his company, G. Pickett Butchers Ltd. A review of the last three years trading accounts suggests that the company will be able to meet the rental payments.
A yearly stepped rent arrangement has been agreed commencing at £8,000 pa in year one to £8,750 pa in year five.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 14/09/2023
Decision due: 7 Sep 2023 by Head of Strategic Finance and Property