This section allows you to view the general details of a Decision
Details
Title:
Sale of Premises - Units A, B & C St Clements Road, Nechells, Birmingham, B7 5AE
Include item on Forward Plan/ Key Decision
No
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of Acting Director, Inclusive Growth - Ian MacLeod
Director of Council Management (Interim) - Rebecca Hellard
City Solicitor and Monitoring Officer - Suzanne Dodd
Implementation Date (not before meeting on)
Tue 25 May 2021
Purpose
This report seeks authority for the sale of the Council’s freehold reversionary interest in Premises - Units A, B & C St Clements Road, Nechells, Birmingham, B7 5AE to the current lessee, Kam Wang Law of Law Design & Print Ltd.
The subject property has a site area of 2,978 sqm approximately and is shown edged bold on the attached plan at Appendix 1.
The report seeks authority under the delegation approved in the Property Investment Strategy Report in July 2019, 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.
Decision Maker
Cabinet Member and Chief Officer
Chief Officer Decision Maker
Decision Maker:
Cabinet Member
Directorate
Inclusive Growth
Decision Outcome
On 25 May 2021 the Leader and the Cabinet Member for Finance and Resources:-
-
Authorised the Assistant Director of Property to conclude the sale of the Council’s freehold reversionary interest, to the current lessee, Kam Wang Law of Law Design & Print Ltd.
-
Agreed 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.
-
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 FRIDAY 28 MAY 2021 AT 1600 HOURS
Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
No
Is Decision County Wide:
No
Would the recommended decision be contrary to the budget and policy framework:
No
Additional Information
Decision Criteria
This Decision does not contain any decision criteria records.
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
Economy and Skills Overview and Scrutiny Committee
Resources Overview and Scrutiny Committee
This section allows you to view the reports for the Decision.
This section displays the history of the Decision.
Decision History
| 25/05/2021 08:45:12 | Wendy Hill | Business Item Created | |
| 25/05/2021 08:45:12 | Wendy Hill | Committee Added | Cabinet Member and Chief Officer |
| 25/05/2021 08:45:59 | Wendy Hill | Ward Added | Nechells |
| 25/05/2021 08:46:17 | Wendy Hill | Meeting Added | 25/05/2021 12:00AM |
| 25/05/2021 08:46:57 | Wendy Hill | Contacts Edited | |
| 25/05/2021 08:47:33 | Wendy Hill | OS Committee Added | Economy and Skills Overview and Scrutiny Committee |
| 25/05/2021 08:47:34 | Wendy Hill | OS Committee Added | Resources Overview and Scrutiny Committee |
| 25/05/2021 08:50:07 | Wendy Hill | Report Added | Document ID 190324: St Clements Road Units A B C - Recommendation Report Final |
| 25/05/2021 08:53:29 | Wendy Hill | General Details Edited | |
| 25/05/2021 09:04:01 | Wendy Hill | Report Added | Document ID 190328: St Clements Road Units A B C - Recommendation Report Final |
Approval/Comments
No history found.