Decision details

LEASE IN RESPECT OF PROPERTY AT UNIT 102 CONEY GREEN BUSINESS CENTRE, WINGFIELD VIEW, CLAY CROSS, CHESTERFIELD S45 9JW

Decision Maker: Assistant Director of Property Estates and Assets

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

Lease in respect of property at Unit 102 Coney Green Business Centre, Wingfield View, Clay Cross, Chesterfield S45 9JW based on the following terms (where applicable):-

- Interested party: Employees Forum for Sharrow, Heeley and Norfolk Park Ltd;
- Size of unit (sq ft): 255;
- Price per sq ft: £8.50;
- Total rent per annum: £2167.50 (excluding VAT);
- Business Rates Rateable Value: £1550.00;
- Term: 3 years;
- Credit check complete: Yes/No;
- Confirm NEDDC Ownership: Yes/No;

For detail on the terms of the letting, please see the attached Heads of Terms document, signed by both the tenant and the RICS Senior Valuer.

Reasons for the decision:

Authority is granted under the Constitution's Scheme of Delegation for Officers for the Assistant Director - Property and Estates to agree to the lease out of commercial property based on the terms as outlined above in the Decision contributing to the income generation as a result of the additional rent and service charge.

Alternative options considered:

There are no other parties who have expressed an interest in the 'lease out' of this property.

The alternative option is to not offer the lease out of the property and leave the premises unoccupied waiting for any further interest.

Publication date: 08/03/2023

Date of decision: 07/07/2015

Accompanying Documents: