Acquisition of Leasehold Interests of Council Owned Commercial Property and Disposal at Cartersfield Road
May 30, 2023 Cabinet (Cabinet collective) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to facilitate regeneration and job creation, they agreed to acquire long leasehold interests in properties outlined in a confidential appendix, sell properties at 50, 51-52, 60 and Unit 10 Cartersfield Road for £1,722,165, and recommended that the Council increase the Capital Programme by £1,500,000 to fund the acquisitions.
Full council record
Content
(1)
That the Cabinet agreed the acquisition of the long leasehold
interest set out in the confidential Appendix A to this report;
(2)
That the Cabinet agreed to the sale of 50, 51-52, 60 and Unit 10
Cartersfield Road, Waltham Abbey at the
lower figure of £1,722,165; and
(3)
That the Cabinet recommended that Council varied the approved
Capital Programme by £1,500,000 to allow the acquisition of
the properties set out within Appendix A.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 30 May 2023 |
| Subject to call-in | Yes |