DEVELOPMENT SERVICES DIRECTORATE
PROPERTY & DEVELOPMENT DIVISION
REPORT TO HOUSING LEAD MEMBER
SUBJECT : PREMISES
SALFORD 5.
AT
435
ECCLES
NEW
ROAD,
WEASTE,
PURPOSE OF REPORT.
To seek approval to the letting of the above premises to Anthony Walker trading as
Marketing and Sales Solutions for use as an office at a rent of £3, 750.00 per annum,
exclusive of rates and other outgoings, payable monthly inadvance by standing order,
subject to an initial three month rent free period. (One quarters rent to be paid upon
entry.)
RECOMMENDATION.
I recommend that the Lead Member approves the transaction as detailed below.
INFORMATION.
The premises are currently vacant. The proposed main heads of terms for the Lease
are as follows:
Lessee: Anthony Walker
Term:
end of
market
between the
arbitration.
Six years from a date to be agreed. The rent is to be reviewed at the
the third year of the term and this figure is to be the higher of the open
rental value of the premises or the existing rent, to be agreed
parties or, failing agreement, to be reached by
Rent:
month rent
£3, 750.00 per annum, exclusive of rates and other outgoings, payable
monthly inadvance by standing order. Subject to an initial three
free period. One quarters rent to be paid upon entry.
Use:
Office
Surveyor:
Joe Dempsey
Extension No. 3746