Issue - meetings

Brunswick Street, Teignmouth

Meeting: 05/03/2019 - Executive (Item 20)

20 Brunswick Street, Teignmouth pdf icon PDF 202 KB

To consider the Brunswick Street, Teignmouth report.

 

 

Minutes:

The Portfolio Holder for Economy & Tourism presented the report to update Members on the Brunswick Street project and to seek the approvals required to further the scheme. He advised that the regeneration of the area would provide a much needed hotel and the possibility of a health and well-being centre for Teignmouth.

 

The Portfolio Holder for Economy & Tourism proposed recommendations 1 and 2 as per the circulated report with amendments to recommendation 3 and an additional recommendation as follows:-

 

3)         The Council’s freehold interest in 1 Northumberland Place is marketed for sale and the capital receipt invested into the Brunswick Street project; and

4)         That Teignmouth Arts Advisory Group (TAAG) are offered first refusal to purchase 4/5 Northumberland Place, at an open market purchase price, subject to completion within six months and, that the capital receipt be reinvested into the Brunswick Street project.

 

This was seconded by the Portfolio Holder for Health & Wellbeing.

 

Members welcomed the opportunity being given to TAAG to purchase 4/5 Northumberland Place.

 

The Leader commented that this project would regenerate the site by facilitating a hotel in Teignmouth, give TAAG the opportunity to realise their ambition of purchasing 4/5 Northumberland Place and the potential, subject to consultation by the NHS, for a new town centre medical centre.

 

RESOLVED that the following be approved:-

 

1)    £85,000 be committed to acquire specialist work required to prepare the business case to advance the hotel scheme;

 

2)    Subject to planning permission, demolish derelict buildings at Brunswick Street and clear the site in preparation for development on an estimated contract value of £130,000;

 

3)    The Council’s freehold interest in 1 Northumberland Place is marketed for sale and the capital receipt invested into the Brunswick Street project; and

 

4)    That Teignmouth Arts Advisory Group (TAAG) are offered first refusal to purchase 4/5 Northumberland Place, at an open market purchase price, subject to completion within six months and, that the capital receipt be reinvested into the Brunswick Street project.