- Decision made by
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Cabinet member for Corporate Services and Asset Management
- Key decision
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No
- Decision
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That the Council accepts a surrender of the unexpired term of the existing 99 year ground lease and re-grants a new 125 year ground lease to Briarsford Panelcraft Limited in respect of industrial premises at 2, Wheaton Road, Witham
- Reason for decision
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This would enable the lessee to invest in the premises for the longer term and generate a significant rental increase and premium for the Council
- Summary of alternative options
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To accept the proposed revised terms to decline the request to surrender the current ground lease and grant a new lease
- Background documents
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Asset management property file: 2, Wheaton Road, Witham
- Declared conflict of interest
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None
- Equality and diversity implications
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None
- Safeguarding
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None
- Legal
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None
- Customer impact
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The lessee of the site, Briarsford Panelcraft Limited, will benefit from the additional security of tenure of an extended lease term
- Environment and climate change
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None
- Consultation and community engagement
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The lessees of the frontage plot at 2. Wheaton Road, Witham have been consulted on the proposal and agreement has been reached to a variation of their ground lease
- Date decision made
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February 5 2020
- Contact us
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You can contact us if you would like a copy of the record and supporting papers for this decision. Email governance@braintree.gov.uk