Decision Details

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This section allows you to view the general details of a Decision

Details

Status:
Implemented
Title:
Sale of Freehold Interest – 7-20 William Henry Street, Nechells, Birmingham
Include item on Forward Plan
No
Is Key Decision
No
Item Contains Exempt/Private Reports
No
Reference:
013238/2024
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of Strategic Director, Place Prosperity & Sustainability
Implementation Date (not before meeting on)
Thu 25 Jul 2024
Purpose

This report seeks authority for the sale of the Council’s freehold reversionary interest in the site known as 7-20 William Henry Street, Nechells, Birmingham to the tenant occupiers.

Key Portfolio
Deputy Leader and Economy & Skills
Decision Maker
Chief Officer Decision Maker
------ N/A ------
Reason For Key Decision
Relevant Documents
Decision Type:
Committee
Decision Maker:
Cabinet Committee – Property
Directorate
Place Prosperity & Sustainability Directorate
Other Information
Private Reason

Paragraph 3: Information relating to the financial or business affairs of a particular person (including the authority holding that information).

Decision Outcome

On 25 July 2024, Cabinet Committee – Property:-

(i) Authorised the Assistant Director of Investment & Valuation to conclude an unconditional sale of the Council’s freehold interest, to the current tenants on the recommended terms as set out in Exempt Appendix 4 to the report;

 

(ii) Noted the purchasing tenant will meet payment of the Council’s legal and surveyor’s costs, as detailed in Exempt Appendix 4 to the report;

 

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

 

THE DEADLINE FOR CALL IN IS 1600 HOURS ON WEDNESDAY 31 JULY 2024.

 

Would the recommended decision be contrary to the budget and policy framework:
No
Decision Options:

Additional Information

Reg 10
Reg 11

Decision Criteria

This Decision does not contain any decision criteria records.

Wards

Nechells

Topics

This Decision does not contain any Topic records

Overview and Scrutiny

Economy, Skills and Culture Overview and Scrutiny Committee

This section allows you to view the reports for the Decision.

Reports

  1. pdf CCP Report Sale of Freehold Interest - 7-20 William Henry Street (205Kb)
    1. pdf Appendix 1 - Site Plan (112Kb)
    2. pdf Exempt Appendix 2 - Private Report
    3. pdf Exempt Appendix 3 - Recommendation Report - Private Report
    4. pdf Exempt Appendix 4 - Heads of Terms - Private Report
    5. pdf Appendix 5 - EIA000469 Sale of 7-20 William Henry Street (602Kb)

This section displays the history of the Decision.

Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
12
 Page 1 of 2, items 1 to 10 of 12.
16/07/2024 17:03:48Ghalub Hussain Business Item Created 
16/07/2024 17:03:48Ghalub Hussain Committee AddedCabinet Committee – Property
16/07/2024 17:03:48Ghalub Hussain Meeting Added25/07/2024 1:00PM
16/07/2024 17:04:26Ghalub Hussain Ward AddedNechells
16/07/2024 17:04:37Ghalub Hussain OS Committee AddedEconomy, Skills and Culture Overview and Scrutiny Committee
16/07/2024 17:05:27Ghalub Hussain General Details Edited 
16/07/2024 17:06:58Ghalub Hussain Report AddedDocument ID 256715: CCP Report Sale of Freehold Interest - 7-20 William Henry Street
16/07/2024 17:07:24Ghalub Hussain Report AddedDocument ID 256716: Appendix 1 - Site Plan
16/07/2024 18:02:10Ghalub Hussain Status ChangedDecision Scheduled [1]
17/07/2024 13:41:51Errol WilsonStatus ChangedDecision Proposed [2]

Approval/Comments

No history found.