PROPERTY TRANSACTIONS

Transcription

1 ANGUS COUNCIL CORPORATE SERVICES COMMITTEE 6 December 2007 REPORT BY THE DIRECTOR OF CORPORATE SERVICES No 1175/07 TRANSACTIONS Abstract This report seeks approval to property transactions which have been provisionally agreed. 1 RECOMMENDATION The Corporate Committee is recommended to approve the completion of the property transactions as detailed in Appendix 1 (Item 1 Brechin Common Good - and Item 2), of this report, and to note the property transactions as detailed in Appendices 2, 3 & 4 which have been agreed under Head of Property s delegated authority. 2 FINANCIAL IMPLICATIONS There are no financial implications specific to this report. 3 HUMAN RIGHTS ACT IMPLICATIONS There are no Human Rights Act implications specific to this report. 4 IMPLICATIONS There are no property implications specific to this report. 5 CONSULTATION The Chief Executive, the Head of Law and Administration and the Head of Finance have been consulted in the preparation of this report. APPENDICES Appendix 1 Appendix 2 Appendix 3 Appendix 4 Rent Reviews Acquisition Renewal New

2 Report No 1175/07 BACKGROUND PAPERS The following background papers, as defined by Section 50D of the Local Government (Scotland) Act 1973 (other than any containing confidential or exempt information), were relied on to a material extent in preparing the above report. COLIN McMAHON DIRECTOR OF CORPORATE SERVICES Property: NCM/SM 1175.doc Page 2 of 6

3 APPENDIX 1 Item No 1 2 PROJECT RENT REVIEWS Current use Neighbourhood Bowling Club Infrastructure Industrial Bowling Club Factory Extension Victoria Public Park Brechin Brent Avenue Montrose PARTIES Landlord CURRENT Rent Parkview Bowling Club 2,500 p.a. Vetco Gray U.K. Ltd. 108,345 p.a. Interest 21 Years 10 Years From 1/10/ /07/2002 Rent review intervals Period since rent set Date of rent review 3 Years 4 Years 1/10/ Years 5 Years 19/07/2007 PROPOSED New rent 3,000 p.a. 126,948 p.a. Costs Property held on Brechin Common Good account Increase linked to increase in Retail Price Index. Page 3 of doc

4 Report No 1175/07 APPENDIX 2 ACQUISITION Item No 3 PROJECT/SCHEME 0128 Tealing Primary School Education Statutory power Committee approval in principle Date CLAIMANT Plan Land extending to 0.2 Ha or thereby for extension Tealing Primary School Attached Private individual CONDITIONS - COMPENSATION Property 1 Disturbance Total Accommodation works Legal costs Surveyors costs ( 3,000) N/A Yes Final settlement Seller to undertake accommodation works (Fencing). Cost to be met by. Approved under Head of Property s delegated authority doc Page 4 of 6

5 APPENDIX 3 Item No 4 PROJECT Neighbourhood LEASE RENEWAL Current use References Shop 7435/001 Unit 3 Grampian Park Forfar PARTIES CURRENT Landlord Rent Interest From Swinton Group Ltd 3,250 p.a. 2 Years 5/09/2005 Rent review intervals Period since rent set Date of expiry - 2 Years 4/09/2007 PROPOSED New Rent New Interest From 4,000 p.a. 5 Years 5/09/2007 Rent review intervals Costs 3 Years CONDITIONS has right to break after 3 years Approved under Head of Property s delegated authority Page 5 of doc

6 Report No 1175/07 APPENDIX 4 NEW LEASES Item No 5 PROJECT/SCHEME 7457 Current use Café Lochside Leisure Centre, Neighbourhood PARTIES TRANSACTION CONDITIONS Plan Landlord Interest Effective date Repairs Insurance Use Café Lochside Leisure Centre, Forfar Attached Private Individual 3 Years 1 December 2007 Landlord External Internal Café Other rights, obligations, etc - CONSIDERATION Rent Premium 3,120 p.a. Rent Reviews Costs Rent-free fitting out period of one month. Approved under Head of Property s delegated authority 1175.doc Page 6 of 6