Decision details

(a)  That the Council dispose of the Council’s freehold interest of 2-10 Hassell Street and 15-21 Brunswick Street (Including 17a Hanover Street), Newcastle subject to the offers being at values representing ‘best consideration’.

(b)  That If no offers are received in response to the current marketing exercise or the offers are not considered to achieve ‘best consideration’, that your Officers are authorised to continue marketing the premises.

(c)  That subject to the outcome of recommendation 2 that officers, in consultation with the Portfolio Holder of Economic Regeneration, Business and Town Centres, be authorised to accept a future offer  so long as this represents best consideration.

(d)  That steps be taken as part of the future budget-setting and MTFS processes to address the loss of annual rental income from the properties.