Decision Maker: Officer Decision
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision made to purchase part of the freehold of the above property, which immediately adjoins the Council’s freehold. The price paid was £107,000.
The Decision was taken for the following reasons:
· Opportunity for strategic purchase. The Council owns the immediately adjoining land and building and by acquiring would have freehold ownership of the entire holding.
· Short to medium term aspiration for redevelopment of site to support regeneration for potential housing scheme in accordance with Draft Local Plan allocation.
· An independent valuation was obtained confirming the price paid was Market Value.
There were no alternative sites to consider.
There are no Crime & Disorder, Equality, Social Value in Contracts, HR, Legal, or ICT implications.
Publication date: 25/06/2020
Date of decision: 16/04/2020