Decision details
Officer Decision to dispose of the long leasehold interests in 9, 10, 16a & 16b Ship Street and 10 St Michaels Street
Decision Maker: Director of Property Assets
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To dispose of 9, 10, 16a and 16b Ship Street and 10 St Michael’s Street on 125-year leases.
Decision:
Director Property & Assets decides as follows:
To enter into leases and effect the long leasehold disposal of 9, 10, 16a and 16b Ship Street and 10 St Michael’s Street on 125 year leases
Reasons for the decision:
The decision to grant the leases will generate a capital receipt that will support the Council’s financial position, as well as ensure the continued control as landlord over these properties.
The grant of long leases enables the restoration of these properties without the need for the Council to secure funding for the works.
Publication date: 22/07/2025
Date of decision: 22/07/2025
Effective from: 26/07/2025
Accompanying Documents:
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