Decision details

ACQUISITION OF 103-110 TAFF STREET, PONTYPRIDD, CF37 4SL AND 13-17 SARDIS ROAD, PONTYPRIDD, CF37 1DX

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Director Corporate Estates presented the report which set out the proposal to acquire ownership of key properties to provide the Council with control of the land and buildings along the main retail area of Taff Street, Pontypridd, to be incorporated into a town centre regeneration scheme development, which will have significant tangible benefits to the town and surrounding area.

To seek authority to acquire the Freehold interest of existing properties known as 103-110 Taff Street, Pontypridd and 13-17 Sardis Road, Pontypridd which are located in a key position in a main retail location, part of which is subject to long leasehold interests.

 

Following discussion it was RESOLVED:

To approve the purchase of the Freehold interest of 103-110 Taff Street, Pontypridd and 13-17 Sardis Road, Pontypridd and the leaseholds of 105-106 Taff Street, Pontypridd of for a sum of £2.412M.

 

 

Urgent item?: Yes

Publication date: 28/02/2022

Date of decision: 28/02/2022

Decided at meeting: 28/02/2022 - Cabinet

Accompanying Documents: