Decision details

To grant a 10-year, full repairing and insurance recharge lease, excluded from sections 24-28 of the Landlord and Tenant Act, 1954 of the Boston Enterprise Centre, Venture House, Enterprise Way, Wyberton Fen, Boston, Lincolnshire. PE21 7TW, to Woodhead Enterprise Limited taking effect immediately upon expiration of the existing lease.

The lease will be granted at the ‘market rent’ certified by the Council’s instructed Registered Valuer and carry prescribed rent increases throughout its term.

Granting a new, excluded lease to the sitting tenant at the independently assessed market rent at the time of the decision will provide continuity a and certainty to all of the small businesses housed at the Centre, negate any and all repair and maintenance liabilities that could otherwise revert to the Council upon expiration of the current lease, insulate the Council from potential void cost exposure and business rates liability and reduce the overall risk envelope associated with large, ageing assets such as the Centre.

Not to grant a new lease to the proposed tenant – Such a decision could seriously prejudice the ongoing occupation of the businesses operating from the Centre.