Decision details

To grant a Contracted-Out Lease of The yard at The Rock, Thornberry Way, Slyfield Industrial Estate.

Decision Maker: Deputy Head of Asset Management

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

To approve the grant of the lease of The Yard at The Rock, Thornberry Way, Slyfield Industrial Estate in line with the following terms and conditions:

Rent = £2.75 per sq ft (Simon Goldsworthy is going to measure the yard space to calculate the finalised rent, using an online measurement tool the space is approximately 15,000sq ft which would equate to £41,250).
Term = 3 months and then a rolling monthly lease.
Break = One months notice.
The lease being agreed will allow access to the industrial unit for GBC to complete the necessary refurbishment works, it will also provide additional security for the site.

The rent will be payable monthly in advance.

If you have any queries, then please contact Simon Goldsworthy who will be happy to provide further information.

Reasons for the decision:

To grant a new lease to Think Ford for the Yard space at The Rock, Thornberry Way.

Alternative options considered:

The decision meets the policy requirements for the Council and there were no alternative options available.

Publication date: 30/03/2020

Date of decision: 30/03/2020