Decision Maker: Officer Decision
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
1 Civic Drive, Ipswich was vacant and available to let. The Council owns the freehold of the property and an independent agent was instructed to market the property. Incentives were agreed due to the investment required by the tenant to refurbish the premises.
The decision was made to enter into a new lease at the above property. The Council owns the freehold of this property and has granted a fifteen year lease to Selig (Suffolk) Trust for the purpose of a Winter Night Shelter.
•Opportunity to strategically manage the Council’s estate. The Council owns the freehold of the property. The property obtained planning permission for a change of use as a Night Shelter earlier this year.
•The property was been vacant and available to let.
•An independent agent was instructed to market the property and to achieve the best terms possible for the Council and a Market Rent. Incentives were agreed due to the investment required by the tenant to refurbish the premises.
There were no alternative sites to consider.
There are no Crime & Disorder, Equality, Social Value in Contracts, HR, Legal, or ICT implications.
Publication date: 10/12/2020
Date of decision: 10/11/2020