It enables a full analysis of options on how to best utilise this property in order to achieve maximum income or capital receipt, or assess the potential for regeneration.

To authorise funding of £50,000 for an options analysis of a commercial property that is presently commercially confidential.

The reason was approved as the property has recently become vacant and a decision on the future use of the property must be made to harness income to the council as soon as possible.

Letting the property without a full options analysis – potential for this to not maximise income/capital receipt for the council and not provide necessary flexibility for a potential regeneration scheme.