Decision details

This report recommends the disposal of the freehold interest of 21 Broom Road, Shirley, CR0 8NG.  The objectives for the disposal were to secure maximum receipts, achieve offers on an unconditional basis with the lowest possible transactional risk and to target capital receipts with the preferred bidder as quickly as possible for the Council to reduce its outstanding debt.  SHW undertook an open market process.  A transparent and clear process was provided for parties to undertake their due diligence to ensure considered offers.  SHW received six offers.

Details of the offers received and the marketing report are included within the confidential Part B report, as this is exempt information as defined in paragraph 3 of Schedule 12A to the Local Government Act 1972 (as amended), as it relates to the financial or business affairs of any particular person (including the authority holding that information) and the public interest in withholding disclosure outweighs the public interest in disclosure

RESOLVED:

2.2     To approve the disposal of the freehold interest of 21 Broom Road, Shirley, CR0 8NG at the value stated in the confidential Part B report.

As contained in the Part A report.

As provided in the Part A report

n/a