Decision details

(i)  To approve the sale of the former Netley Court School site to the recommended bidder as set out in Confidential Appendix 2 and to delegate authority to Head of Property and Procurement to negotiate final terms and to accept the next best bid in the event of the selected bidder not proceeding and to continue such process as necessary.

(ii)  That the Head of Legal and Democratic be authorised to enter into any legal documentation necessary in respect of the sale.

Netley Court School closed in July 2006 and the site is surplus to Council requirements.  The disposal of the site enables the Council to realise a significant capital receipt  The receipt has already been set aside as funding for the Children’s Services and  Learning capital programme.

The decision to sell the site has already been taken, thus the options are to sell the site to the recommended bidder, sell the site to a different bidder or not to sell at all following this tender and to remarket the site.  It is considered that no significant benefit would be gained from remarketing the site as the offer of the recommended bidder realises best consideration.