Purpose

Cabinet on 3 October 2023 authorised the Executive Director for Growth and Regeneration in consultation with the Deputy Mayor with responsibility for Finance, Governance and Performance and the S151 Officer to take all steps required to agree terms and complete the disposal of certain identified Bristol City Council assets, including Units 11 - 19 Avon Valley Business Park which have been identified following analysis of the Council’s estate.
The Strategy and Resource Committee on 15 September 2025 subsequently authorised the Executive Director for Growth and Regeneration, in consultation with Chair of the Strategy and Resources Committee to take all steps required to agree terms and complete the disposal of the Bristol City Council assets specified in exempt Appendix E which have been identified following analysis of the Council’s estate (including incurring agency fees which may be over the key decision threshold) as outlined in the report.
It has now been agreed to dispose of the freehold of the Units 11 - 19 Avon Valley Business Park Chapel Way St Annes Bristol BS4 4EU.

Decision

Approval to agree to the disposal of freehold of the Units 11 - 19 Avon Valley Business Park Chapel Way St Annes Bristol BS4 4EU to Citivest Limited transferring 9 units over with 4 of them vacant, 3 occupied on leases and 2 occupied on Tenancy at Wills.

Alternative options considered

The Council considered retaining the rental income received £21,700 pa versus selling the freehold. It was agreed that the capital receipt generated by selling the freehold outweighed the benefits of retaining the income.