Decision details

60 Vulcan Way, Croydon, CR9 0DB - Asset Disposal

Decision Maker: Corporate Director of Resources (Section 151)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

The report will recommend the disposal of the investment asset at 60 Vulcan Way, Croydon, CR9 0DB. The report is required as the value of the disposal is over £1,000,000.  This asset has been fully marketed by Savills and is now under offer.

 

The decision required is to approve the disposal.

 

Decision:

RESOLVED:

 

1.1. To approve the disposal of the freehold of 60 Vulcan Way at the value stated in the confidential Part B report.

 

1.2.To approve the removal of restrictive covenants, as detailed in Part B, as part of the disposal.

 

Reasons for the decision:

As set out in Part A of report

Alternative options considered:

As set out in Part A of report

Interests and Nature of Interests Declared:

None

Urgent item?: Yes

Publication date: 22/02/2024

Date of decision: 22/02/2024

Accompanying Documents: