Content

The decision to negotiate final terms and
purchase the long leasehold interest of land & buildings at 35
Moorfield Road, Slyfield Industrial Estate was delegated by the
Executive to the Joint Assistant Director for Assets &
Property. The acquisition is in line with the following terms and
conditions:
See the Executive report for full details. To proceed to acquire
the existing long leasehold interest (lease surrender) to invest
into the Council’s existing asset with the aim of
regeneration and to enhance the capital value, alongside the rental
income.
The criteria set out in the commercial property investment strategy
have been met as detailed in the business case report approved by
the Executive on 6/11/25, Minute EX75.
If you have any queries, then please contact Charles Wood who will
be happy to provide further information.

Reasons for the decision

To invest into the Council’s existing
asset with the aim of regeneration and to enhance the capital
value, alongside the rental income.

Alternative options considered

The decision meets the statutory / policy
requirements for the Council. The option of not proceeding with the
acquisition was considered but the case to acquire the property is
sound.