Decision details

Proposed Sale of Mansfield Street Garage, Foss Islands Road, York

Decision Maker: Executive - for meetings from 03/06/00 to 26/04/11

Decision status: Decision Made

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Purpose of report: The above property is a former garage, originally acquired for a road improvement scheme which did not proceed. It is about 200 sq m floor area, and has been let within the Commercial Portfolio since transferring from the County Council to City of York in 1996. It is now vacant. On remarketing, interest was expressed in purchasing the building, and this has been considered due to the need to find capital receipts, because the building may require substantial repair works in the future, and because the offers to purchase are potentially more financially advantageous compared to re-letting.

Members are asked to: Decide whether to accept any bid to sell the property as opposed to a re-letting.

Decision:

RESOLVED: That offer A, to purchase the property for the figure set out in Annex 1 to the report, be accepted and that the use of the sale proceeds to fund the capital programme be approved, thus generating a revenue saving to the Council.

 

REASON:      In order to obtain the best return on this property, which is no longer required by the Council.

Report author: David Baren

Publication date: 02/11/2010

Date of decision: 02/11/2010

Decided at meeting: 02/11/2010 - Executive - for meetings from 03/06/00 to 26/04/11

Effective from: 05/11/2010

Accompanying Documents:

 

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