The report will recommend the disposal of the investment asset at Goldcrest Youth Centre, Goldcrest Way, New Addington, CR0 0PL– Asset Disposal. The report is required as the value of the disposal is over £1,000,000. This asset has been fully marketed by SHW and is now under offer.
The decision required is to approve the disposal.
Decision type: Key
Reason Key: Expenditure > £1,000,000;
Decision status: Recommendations Approved
Notice of proposed decision first published: 09/02/2024
Reason for urgency:
The disposal of this asset was approved in the 24 May 2023 Cabinet Meeting, has been fully marketed and has now gone under offer and in solicitor’s hands for a value more than £1,000,000.
The decision is time sensitive as legals have been agreed by both parties and we are now able to exchange, with a completion set for 10 working days thereafter.
Anticipated restriction: Part exempt - View reasons
Financial Impact: Expenditure or savings of up to £5,000,000;
Decision due: 19 Mar 2024 by Corporate Director of Resources (Section 151)
Lead member: Cabinet Member for Finance
Lead director: Corporate Director of Resources (Section 151)
Department: Resources Directorate
Contact: Robert Lines, Interim Head of Property Services Email: robert.lines@croydon.gov.uk.