Decision details

(i)  To approve the principle of the sale by auction of:

·  Former Derby Road Contact Centre, 169-193 Derby Road

·  Former Bitterne Family Centre, 46 Peartree Avenue

·  Former Forest View Family Centre,1 Sutherland Road

(ii)  Delegate authority to the Head of Property and Procurement to approve the reserve prices

(iii)  To confirm that the appointed auctioneer be authorised to sign the contract for sale immediately after the auction

(iv)  To authorise the Head of Property and Procurement to undertake all ancillary matters to give effect to this resolution

(v)  To note the estimated value of the capital receipt from these disposals has already been built into the funding of the capital programme. Any receipts that differ from the estimates will need to be considered corporately as part of any future prioritisation of resources

1. The properties are to be vacated and there is no service need for them. They are therefore surplus to Council requirements.
2. Providing there is competitive bidding at the auction and the reserve is met, a sale at auction will achieve the earliest completion of the sale and achieve the statutory criteria of being the best consideration reasonably obtainable.

The properties could be marketed by private treaty. This is considered to be a less certain way of achieving an unconditional sale for the property.

None