Decision details

It is recommended that the Cabinet Member:

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

2. Approved the sale of 28 Telegraph Track, Carshalton, SM5 4AZ, to the party, at the 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 HGR which has been agreed by the HGR Board.

3. Approved the HGR premium for the surrender of its interest from the gross receipt and notes there is debt aligned to this asset, with both parties bearing their own costs and appointments of their own professional team.