Unit 10, Glebe Road, St Peter's Industrial Estate, Huntingdon
With the assistance of a report by the Heads of Legal and Estates and of Commerce and Technology, to consider the terms for the proposed sale of the freehold of the site to the occupier.
Contact: C Meadowcroft 388021
Decision:
Authorised the Director of Central Services after consultation with the Executive Councillors for Resources, Welfare and IT and for Finance to approve terms for the sale of the Council’s freehold interest in Unit 10, Glebe Road, Huntingdon and the re-investment of the proceeds in an industrial/commercial property.
Minutes:
Further to item No. 06/36, the Cabinet considered a joint report by the Head of Legal and Estates and the Director of Commerce and Technology (a copy of which is appended in the Annex to the Minute Book) regarding a request to purchase the freehold of a factory unit at 10 Glebe Road, St. Peter’s Industrial Estate, Huntingdon. Whereupon, it was
RESOLVED
that the Director of Central Services, after consultation with the Executive Councillors for Resources and Policy and for Finance be authorised to approve terms for the sale of the Council’s freehold interest in Unit 10, Glebe Road, Huntingdon and the re-investment of the proceeds in an industrial/commercial property which is likely to yield an equivalent return.