We have been asked to approve a 10 year sub
lease by the solicitors representing the ground leaseholder of Unit
10 Pioneer Court, Hagen Developments Limited
The proposal is for them to grant a lease to Priory Education
Services Limited (Company House reg no: 062448800) whose registered
company address is 80 Hammersmith Road, London.
The lease will be for a term of 10 years on FRI Terms for a rent of
£60,750pa although the tenant is being granted an initial six
month rent free period. Bank references are not required due to the
Council only receiving a nominal rent of one peppercorn.
The use is office services use class E (formerly use class B1 of
the Town and Country (Use classes) Planning Order 1987).
The company’s business is providing specialist secondary
education and care to young people who have emotional behavioural
difficulties, Autistic Spectrum disorders, Asperger’s
Syndrome and Dyslexia and the premises will be used as
administration offices.
Trade references not required.
The Companies House check has not revealed anything to be concerned
about.
The alienation clause in the lease between The Council and City
& Northern (Now Hagen Developments) does not refer to any
under-lessee being a good a proper person or company, just that the
Council’s consent cannot be unreasonably withheld or
delayed.
In light of the checks Hagen Developments will have commissioned,
to ensure their direct under tenant is of substantial covenant and
standing, we have no grounds for withholding our consent. Priory
Education Services Limited will not be paying rent to the Council.
They will be paying rent to Hagen Developments Limited.
The Council’s legal and surveyors fees of £400 are
being paid by Hagen Developments Ltd for processing this
approval.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 09/12/2021
Decision due: 25 Nov 2021 by Assistant Director Economic Growth
Lead member: Economy Portfolio
Contact: Mark Ladyman, Assistant Director Economic Growth Email: [email protected].
Consultation process
Councillor, Economy and Regeneration Portfolio
Holder