Purpose

Decision made to enter into a lease at the
above property. The Council owns the freehold of this property and
has granted a ten-year lease for the purpose of a car sales
business together with ancillary office accommodation within the
former ticket office within Use Class E.

Decision

To enter into a lease at the former Park and
Ride site at Bury Road, Ipswich, IP1 5PX.
 
Reason:
Opportunity to strategically manage the
Council’s estate. The Council owns the freehold of the land.
The area is designated as a park and ride site within Policy SP8 of
the Ipswich Borough Council Site Allocations
and Policies (Incorporating IP-One Area Action
Plan) DPD Review (2022).
 
The tenant Hammond Road Garage Limited has
been in occupation of the site since 2015 and has obtained Full
Planning Permission until 31/03/2035 for the continued use.
 
An independent valuation was obtained
confirming the rental value for the site was Market Value in July
2024. The condition of the garage and the cost of the business
rates is equivalent to the market rent being
paid.