URL: https://democracy.basingstoke.gov.uk/ieDecisionDetails.aspx?ID=500000020

Decision Maker: Director Of Regeneration

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose: Disposal of 4 retail units and ancillary storage at New Street Parade, Basingstoke in accordance with the Annual Property Plan 2025-26

Content: Disposal of 4 retail units and ancillary storage at New Street Parade, Basingstoke in accordance with the Annual Property Plan 2025-26 To approve the disposal of New Street shops on the terms outlined in Appendix 1 To authorise the disposal of this non-strategic investment property in accordance with the advice of the council’s external property advisers as the asset no longer fulfils the criteria to be retained as an asset managed within the Council’s Property Investment Strategy. Not to proceed with disposal - This would mean property management would need to continue and it could mean further repair and maintenance costs in the future. With the roof in a poor state of repair, these costs are likely to be significant. None

Date of Decision: March 18, 2026