Decision Details

Director of Planning, Transport and Sustainability – Ian MacLeod

Director of Council Management – Rebecca Hellard                                         

This report seeks authority for the sale of the Council owned premises at 405/407 Dudley Road, Birmingham B18 4HD to the current tenant.

The subject property (including yard) has a site area of 199 sqm approximately and is shown edged bold on the attached plan at Appendix 1.

The report seeks authority under the delegated authority in Section E3.2 (xi) of Part E of the Constitution, for the approval of acquisitions and disposals from the Investment Property Portfolio to the Leader and Cabinet Member for Finance and Resources, jointly with Director – Inclusive Growth, City Finance Officer and the City Solicitor (or their delegates) up to a limit of £25m in any one transaction.

The recommendations contained in this and the Exempt Appendix 2 & 4 are fully in line with the Council’s wider ambitions and plans for inclusive growth and financial stability.  The recommendations are in compliance with the Birmingham City Council Plan and Budget 2018-2022 and the Property Strategy.

Options for this land have been fully considered and the sale of the site provides the best outcomes for the City as detailed in the Exempt Appendix 2.

On the 1 December 2021 the Leader and the Cabinet Member for Finance and Resources:-

1. Authorised the Assistant Director of Property to conclude an unconditional sale of the premises at 405/407 Dudley Road, Birmingham B18 4HD as shown edged bold on attached plan at Appendix 1 and extending to 199 sqm;

2. Noted that the purchaser will pay a contribution towards the Council’s surveyor’s and legal costs, as detailed in Exempt Appendix 2 to the report;

3. Noted that to demonstrate their commitment, the purchaser has agreed to provide a deposit payment of 10% of the purchase price as detailed in Exempt Appendix 2 to the report (which would be non-refundable but deductible in the event of sale completion); and

4. Authorised the City Solicitor to prepare, negotiate, execute and complete all relevant legal documentation to give effect to the above.

    

   NB: THE DEADLINE FOR CALL IN IS MONDAY 6 DECEMBER 2021 AT 1600 HOURS.