Issue details
Purchase the Long Leasehold interest in 12-16 St.Michael’s Street, Oxford
The City Council has been offered an off market opportunity to
purchase the long leasehold interest in 12-16 St. Michael’s
Street, Oxford and has submitted an offer to the vendor.
The offer was subsequently accepted and authority is now sought to
purchase the long leasehold subject to:
Due diligence
External valuation
The report will also discuss other property investment opportunity in the city.
Decision type: Key
Reason Key: Expenditure, income or savings of £500,000 or greater;
Decision status: Abandoned
Wards affected: Carfax;
Notice of proposed decision first published: 30/05/2017
This decision will be taken under urgency procedures.
Reason for urgency:
Fewer than 28 days notice
Anticipated restriction: Part exempt - View reasons
Decision due: 15 Aug 2017 by City Executive Board (became Cabinet on 13 May 2019)
Lead member: Finance, Asset Management
Lead director: Interim Assistant Chief Executive Regeneration and Economy
Department: Economic Development
Contact: Jane Winfield, Head of Corporate Property Email: jwinfield@oxford.gov.uk Tel: 01865 252551.
Reason date could change: Provisional: Decision reliant on another action or process
Is the date subject to change: No