Decision details

DISPOSAL OF THE COTTAGE, NORBURY PARK, MICKLEHAM

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

The Cabinet Member:

 

1.         Formally declared the asset surplus to operational requirements (in consultation with he Leader and Deputy Leader).

 

2.         Approved the sale of The Cottage, Norbury Park, Mickleham RH5 to the party, at the sale price and subject to the conditions, noted in the Part 2 report. The sale is conditional upon the simultaneous surrender of the headlease held over the asset by Halsey Garton Residential Ltd (HGR) which has been agreed by the HGR Board.

 

3.         Noted HGR will not be seeking any value for their interest from the gross receipt, as there is no debt aligned to this asset but with both parties bearing their own costs and appointments of their own professional team.

 

4.         Delegated authority to the Section 151 officer in consultation with the Director of Land and Property to finalise the transaction, and enter into all associated legal contracts.

Publication date: 04/06/2024

Date of decision: 04/06/2024

Decided at meeting: 04/06/2024 - Cabinet Member for Property, Waste and Infrastructure Decisions

Effective from: 12/06/2024

Accompanying Documents: