The purpose of this report is to seek approval for the marketing of 42/44 West Street (“the Property”) on the basis of a Freehold as well as a Leasehold disposal depending on interest received to ensure best value is obtained for the Council.
The Property comprises retail accommodation on the ground floor and offices on the upper floors. The ground floor has been vacant since the end of 2019 and the Leasehold interest in the ground floor has been advertised since mid-2019. The upper floors are currently let on a monthly tenancy agreement.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 29/01/2021
Anticipated restriction: Part exempt - View reasons
Decision due: 1 Mar 2021 by Executive
Lead member: Executive Member for Policy & Resources
Lead director: Director of Planning and Regeneration
Contact: Grant Hobday Email: ghobday@fareham.gov.uk.
Consultees
NONE
Background Papers: None