A new car dealership has been approved to take over part of a car park site in Portsmouth.
A section of the car park in Nancy Road, Fratton will be used for car sales after Portsmouth City Council’s planning committee approved the application put forward by businessman Nasi Ali. The council is expected to receive £10,000 a year in rent on the site.
Mr Ali must now consider how he plans to insure his business and the vehicles on site at his secondhand car dealership. A combined motor trade insurance policy is recommended to businesses such as this due to the ability to cover its multiple needs. It can include cover for the vehicles and people on site, as well as the building itself – once constructed.
However, the proposed dealership has seen some resistance from a group of Liberal Democrats who fear losing part of the car park will force more vehicles to be parked on the street.
But councillor Luke Stubbs, Tory cabinet member for planning, regeneration and economic development, said that the new business would bring in welcome revenue to the council, the Portsmouth News reported.
He added: “It’s not that I particularly want a car sales business there, but with over £10,000 a year in rent at stake, the council as a whole needed it to go through. With £37 million to save, this income will pay for half a job that would otherwise have to be lost.”