Decision details
Acquisition of long leasehold interest in the 1st Choice Accident Repair Centre, Newport Road Industrial Estate, Ipswich Road, Cardiff
Decision Maker: Director of Economic Development
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
Appendices 2,3,4a,4b & 5 of the report are not for publication as they contain exempt information of the description in paragraph 14 of part 1 of schedule 12A of the Local Government Act 1972.
Agreed: that the Council proceed with the acquisition of the long leasehold investment as set out in the report, and to negotiate a new lease of the premises to a new occupier on the Heads of Terms provided.
Reasons for the decision:
The property provides an opportunity for the Council to rationalise and ensure more effective management of the Council’s Investment Estate.
The acquisition of this leasehold property provides a long-term strategic opportunity.
Publication date: 03/12/2021
Date of decision: 02/12/2021
Effective from: 15/12/2021
To request a document in an accessible format please e-mail us.