Disposal of Oxford Street Units UPRN 1983
July 6, 2026 City Mayor (Individual Decision) (Cabinet member) Awaiting outcome 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
The City Mayor decided to approve the freehold disposal of 52-58 Oxford Street, Leicester to National Grid Electricity Distribution for £2m on 06/07/2026. The City Barrister and Head of Standards will prepare documentation, and the Director of Estates and Building Services will agree detailed terms.
Full council record
Decision
To approve:
The freehold disposal of site (UPRN 1983) 52-58 Oxford Street, Leicester, LE1 5XW to National Grid Electricity Distribution (NGED) for £2m as a Special Purchaser.
The City Barrister and Head of Standards will prepare and execute all necessary documentation required. The Director of Estates and Building Services Division will agree the required detailed terms.
Reasons for the decision
NGED’s acquisition of the site will enable development as a new primary substation site that will supply sufficient electrical capacity to support the infrastructure for the City.
The sale will also generate a capital receipt for the Council of £2m which represents best consideration.
Supporting Documents
Details
| Outcome | For Determination |
| Decision date | 6 Jul 2026 |
| Effective from | 14 Jul 2026 |
| Subject to call-in | Yes |