Property Transactions
Additional documents:
Decision:
Disposal of land at The Hollies, Red Lane, Oxted
That the County Council enter into the Joint Sale Agreement on the basis of the terms that have been negotiated with Ashill.
Reasons for Decisions:
To ensure best value is obtained for the disposal of the County Council’s land.
The land is a ‘ransom strip’ and is not required for any Council service or other operational purposes.
The ‘ransom strip’ was retained, following an earlier disposal of Council land to George Wimpey (now Taylor Wimpey); specifically because it would control access to adjacent third party land with future residential development potential.
This third party land, which now has the benefit of planning consent for residential dwellings, is owned by Ashill who wish to sell their land in conjunction with the Council’s to a developer.
Joint marketing of the combined land has generated a developer as a potential purchaser.
[The decisions on this item can be called in by the Council Overview and Scrutiny Committee]
Minutes:
Disposal of land at The Hollies, Red Lane, Oxted
RESOLVED:
That the County Council enter into the Joint Sale Agreement on the basis of the terms that have been negotiated with Ashill.
Reasons for Decisions:
To ensure best value is obtained for the disposal of the County Council’s land.
The land is a ‘ransom strip’ and is not required for any Council service or other operational purposes.
The ‘ransom strip’ was retained, following an earlier disposal of Council land to George Wimpey (now Taylor Wimpey); specifically because it would control access to adjacent third party land with future residential development potential.
This third party land, which now has the benefit of planning consent for residential dwellings, is owned by Ashill who wish to sell their land in conjunction with the Council’s to a developer.
Joint marketing of the combined land has generated a developer as a potential purchaser.