Decision details

To consider the report of the Cabinet Member for Resources , Leisure and Culture, seeking delegated authority for Head of Property and Procurement following consultation with the Director for Corporate Services and the Cabinet Member for Resources Leisure and Culture approval for the disposal of the property if tender bids exceed £500,000.

(i)  To approve the principle of the sale of the Council’s freehold interest; and

(ii)  To delegate authority to Head of Property and Procurement following consultation with the Executive Director for Corporate Services and the Cabinet Member for Resources, Leisure and Culture to approve the preferred bidder, agree terms of the sale and carry out all ancillary matters to enable disposal of the site.

1. To facilitate the redevelopment of a surplus site identified for employments uses in the City’s Local Planning framework, thereby delivering regeneration of a property within an established industrial estate.
2. To realise a capital receipt.

1. Do nothing. While the property is utilised as a site compound for Carillion in association with the build programme for Oasis Academy Mayfield the property could be held for sale at a later date.  Marketing at the point of vacancy will result in a prolonged period of void management which will incur costs for the Council and increase the risk of unauthorised occupation.  Marketing the site early will mitigate the void period with ability to secure a purchaser at the point of vacancy by Carillion.
2. Retain the property – The property is surplus to the Council requirements, the acquisition enabled site assembly to deliver the Academy programme.