The Board received a report of the Strategic Director – Enterprise, Community and Resources, which advised of two offers that had been received for the former bus depot on Moor Lane.
Members were advised that in November 2020, the Council commissioned Thornber and Walker, a quantity surveyor consultancy to carry out a high level feasibility study to ascertain the potential costs of refurbishing the Moor Lane Bus Depot to provide commercial space. They estimated that the cost of refurbishment would be in the region of £5m. Since the report was commissioned however, construction costs had increased and the building had been designated a Grade 2 listing by Historic England.
It was noted that the listing would have a bearing on any future use of the building, because the listing also related to the interior of the building. The Board was presented with four potential options for the future use of the building. They were also advised of two offers that had been made from local businesses (referred to as X and Y) and the recommendations from officers following these.
RESOLVED: That the Board authorise officers to progress more detailed discussions with Company Y, which would culminate in Company Y being granted a lease for the building.