Decision details

This approval was made because on 7 November 2023 Cabinet took an in-principle decision to grant a conditional 125-year CAT lease of a significant property asset. The decision authorised the Executive Director G

Approved the details of the Heads of Terms for a conditional 125-year CAT lease of the Coach House, 2 Upper York Street, St Pauls, BS2 8QN to the Black South West Network.

Other options considered but rejected:
•Refuse approval of the schedule of works and details of the Heads of Terms
•Negotiate an amended schedule of works or lease details
These alternative options were not taken forward because the schedule of works that has been proposed by the tenant is proportionate and reflects the existing condition of the property. This schedule represents the minimum works required for the site to be safely operated in the interim period, before a full refurbishment of the property is undertaken in due course.