Decision details

To consider a report that seeks approval for the terms and conditions of the sale of the freehold interest of the property.

NOTE: Elements of this report may be considered exempt from public distribution.

(i)  Following consultation with Cabinet Member for Resources to approve the sale in event bids are in excess of £500,000.

(ii)  That the Head of Legal; HR & Democratic Servicesbe authorised to enter into any legal documentation necessary in respect of the sale.

(iii)  To note that the capital receipt has already been built into the funding of the current capital programme. Any receipt that differs from the estimates will need to be considered corporately as part of any future prioritisation of resources.

This freehold property is surplus to requirements and its disposal would realise best consideration and enable the Council to raise a capital receipt.

1. Do nothing. 
2. The subject property could be retained in Council ownership; however as a  vacant building this would have a number of disadvantages including:

  i.  Would not generate a capital receipt

  ii.  There are no Council requirements for this property

  iii.  On-going security risks & maintenance costs