Purpose

To consider the report of the Cabinet Member
for Economic Development seeking approval for the splitting of the
Council owned unit at 271 Winchester Road to create two units,
after which to grant two new leases.

Decision

(i) 
To approve the splitting of the unit at 271 Winchester Road into
two units as outlined in the commercial and financial terms in
Appendix 1.
(ii) 
To delegate finalising the detail of the terms of the splitting of
the Unit and the Lease to the Executive Director of Growth and
Prosperity following consultation with the Executive Director for
Enabling Services and the Director of Legal and Governance.
(iii) 
To delegate approval for any other matters necessary to finalise
this transaction in association with this proposal to the Executive
Director of Growth and Prosperity following consultation with the
Executive Director for Enabling Services and the Director of Legal
and Governance.
(iv) 
Subject to any proposal falling within Cabinets financial
authority, to  delegate approval to
dispose of this property in the future to the Executive Director of
Growth and Prosperity following consultation with the Executive
Director for Enabling Services and the Director of Legal and
Governance (if best consideration can be demonstrated for a
disposal compared to retention of the property).