Decision details
Option analysis for future use of a commercial property
Decision Maker: Head of Corporate Property
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
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.
Decision:
To authorise funding of £55,000 for an options analysis of a commercial property that is presently commercially confidential.
Reasons for the decision:
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.
Alternative options considered:
Letting the property without a full options analysis – potential for this to not maximise income/capital receipt for the council and waste potential redevelopment of a key prime location asset.
Publication date: 13/11/2024
Date of decision: 23/07/2024
Accompanying Documents:
PDF 172 KB