Decision details

To seek approval to the disposal on the open market of freehold BCC assets which have been identified by the Estates Rationalisation Board as being surplus to the Council’s requirements.

That Cabinet

1.      Approved the 7 assets listed in Appendix A1 be declared surplus to Council requirements and subject to them not being considered suitable for HRA transfer, or sold to a registered provider, to be disposed of on the open market for the best consideration.

2.      Authorised the appropriation of any suitable properties listed in Appendix A2 to the HRA if required.

3.      Authorised the Head of Corporate Landlord, in the event the properties listed in Appendix A2 are not required by the HRA, to place the properties with property agents using existing framework contracts.

4.      Authorised the Head of Corporate Landlord in consultation with the Deputy Mayor with responsibility for Finance, Governance and Performance in accordance with the Council’s scheme of delegations, and S151 Officer, to take all steps required for disposal of the assets whilst ensuring best value is obtained for each property.