Decision Maker: Assistant Director of Trading Services and Assets
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
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.
To seek approval for the sale of the ground
lease known as Plot 5, Nelson Street, as per the District
Valuation.
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