Decision details

RE18 0088 Approval for the Sale of the Ground Lease known as Plot 5, Nelson Street

Decision Maker: Assistant Director of Trading Services and Assets

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

The ground lease at Plot 5, Nelson Street is for 99 years from January 1981 with no rent review clauses. The site area is 0.5 acres and is used for motor trade use.
As part of the Asset Review Programme this was identified as a possible sale.

Decision:

To seek approval for the sale of the ground lease known as Plot 5, Nelson Street, as per the District Valuation.

Alternative options considered:

Option 1 - Do nothing
Option 2 - To agree to the sale of the property

Publication date: 18/07/2018

Date of decision: 26/06/2018