URL: https://wolverhampton.moderngov.co.uk/ieDecisionDetails.aspx?ID=9810

Decision Maker: Deputy Leader: City Housing

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose: Approval to proceed with the purchase of the commercial premises on New Park Village estate.

Content: 1.      Approved the completion of the purchase of the commercial premises listed in Appendix 1 at the agreed price of £270,000 plus Home Loss compensation.   2.      Approved the proposal to compensate the existing tenant of the commercial premises through means of extinguishment, as set out in 2.10, for the total sum of £59,807.50 plus additional disturbance costs and professional fees to be determined as part of the agreed Heads of Terms.   3.      Authorised the Chief Operating Officer or other authorised officers to execute legal documentation to put the purchase into effect.  

Date of Decision: August 4, 2025