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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Appendices 2,3,4a,4b & 5 of the report are not for publication as they contain exempt information of the description in paragraph 14 of part 1 of schedule 12A of the Local Government Act 1972.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

 

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