Decision details

OD/15/11 Decision to Purchase Former Burtons Warehouse and Roller Dock Mill, St Peters Dock

Decision Maker: Officer Decision

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Decision made to purchase the Former burtons Warehouse and Roller Dock Mill for following reasons:

·         Opportunity for strategic purchase of site at the entrance to The Waterfront.

·         Opportunity to facilitate redevelopment of this site and the neighbouring sites.

·         Held by Crown Estate under escheat with two significant charges against the buildings.it was likely to decline further and continue to blight the development of adjoining sites if it remained with the Crown under escheat rules.

·         The site has been vacant/untidy for a number of years and the Council could bring it back into beneficial use and improve the appearance of the area.

·         Limited timescale to complete sale imposed by the first charge holders.

·         The Council was already bearing the costs of securing the building as the Crown has no responsibility for buildings held under escheat.

 

 

Background documents relevant to this are as follows;

Executive Committee Report “Establishment of the Property Acquisition Fund and Associated Procedures for its Use” (Ref No: E/12/11) approved by the Executive Committee 3rd July 2012 and extended by Executive Committee in September 2013 Property Acquisition Fund Report and Justification Certificate 3 March 2015.

 

There are no Crime & Disorder, Equality, Social Value in Contracts, HR, or ICT implications.

 

The Head of Finance has been consulted and funds for the purchase were available in the Property Acquisition Fund.

 

The site is located in Bridge ward. The purchase will be reported at Executive.

Decision:

Decision made to purchase the Former burtons Warehouse and Roller Dock Mill for following reasons:

·         Opportunity for strategic purchase of site at the entrance to The Waterfront.

·         Opportunity to facilitate redevelopment of this site and the neighbouring sites.

·         Held by Crown Estate under escheat with two significant charges against the buildings.it was likely to decline further and continue to blight the development of adjoining sites if it remained with the Crown under escheat rules.

·         The site has been vacant/untidy for a number of years and the Council could bring it back into beneficial use and improve the appearance of the area.

·         Limited timescale to complete sale imposed by the first charge holders.

·         The Council was already bearing the costs of securing the building as the Crown has no responsibility for buildings held under escheat.

 

 

 

Publication date: 15/06/2015

Date of decision: 15/05/2015

Accompanying Documents: