Decision details
Freehold Disposal of 25 Broad Street
Decision Maker: Director of Capital & Housing Delivery
Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
A freehold sale. The property is in a very
poor state and deteriorating with very onerous refurbishment costs.
Vacant since 2021.
Decision:
The property was declared surplus by the
Commercial Estate and transferred to the Corporate Estate to be
sold on the open market. No interest from Housing / Aequus
therefore the asset to be sold.
Alternative options considered:
Option 1 - To carry out refurbishment works
and Let
Option 2 - Property considered by Housing/Aequus
Option 3 - Sell Freehold on the open market
Publication date: 12/12/2025
Date of decision: 12/12/2025