Decision details

To seek approval to grant a new lease at the above to a new business tenant.

This property forms part of a light industrial park, on the edge of Newstead Village. The unit has become available to let as the previous occupier vacated the property leaving it empty.
To grant a new lease.

The property is vacant. By not agreeing to this lease request the property would remain empty not producing an income for the council. We would have to look at re-letting the property to others, taking the usual void and rent free periods into consideration and marketing costs. There could be a lengthy gap in income generation until a new tenant was identified and secured.

By not agreeing to this lease request the property would remain empty not producing an income for the council. We would have to look at re-letting the property to others, taking the usual void and rent free periods into consideration and any associated marketing costs. There could be a lengthy gap in income generation until a new tenant was secured.