Acquisition of Former Co-op Building, 100 New Chester Road, New Ferry
Decision Maker: Policy and Resources Committee
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
This report seeks approval for the purchase of the former Co-op building (“The Property”) in New Ferry as a strategic acquisition to support the delivery of the master plan for the area. The regeneration of the town centre is a priority for the Council following the explosion in March 2017.
Resolved – That the Director of Law and Governance in consultation with the Director of Regeneration and Place, be authorised to acquire the Co-op building in New Ferry at a price of £700,000.
Reasons for the decision:
The Co-op building (“the Property”) is situated at the heart of New Ferry district centre and therefore forms a key site in respect of enabling any future redevelopment of the area to take place. The Property is shown edged red on the plan at appendix 1. The plan identifies the property as fronting New Chester Road close to the junction with Bebington Road. The property also has a frontage on to Bebington Road with the Woodhead Street car park to the rear. This purchase is recommended as this Property is key to enabling the comprehensive regeneration of New Ferry which is a strategic priority for the Council.
Alternative options considered:
The Committee could decide not to acquire the Property. However, having regard to the lack of demand for retail property of that nature, the retraction of that market, the re-positioning of retail from physical stores to on-line shopping, it seems unlikely that the Property will return to retail use.
A search of other funding options has been undertaken but the Strategic Acquisitions Programme, is the only available source which has been identified.
Publication date: 16/03/2022
Date of decision: 16/03/2022
Decided at meeting: 16/03/2022 - Policy and Resources Committee
Effective from: 25/03/2022
- Acquisition of Former Co-Op Building - 100 New Chester Road, New Ferry Cover Report PDF 88 KB
- Minute Extract Acquisition of Former CoOp Building 100 New Chester Road New Ferry PDF 50 KB
- Acquisition of former Co-op building - 100 New Chester Road, New Ferry, 26/01/2022 Economy Regeneration & Development Committee PDF 94 KB
- Appendix 1 - Site plan of 100 New Chester Road., 26/01/2022 Economy Regeneration & Development Committee PDF 167 KB