Issue - meetings

This report seeks Cabinet Member approval to the terms agreed for a joint disposal of land at Spital Heath, Deepdene Avenue, Dorking in conjunction with the Surrey Police and Crime Commissioner (the Police).

The Cabinet Member for Property, Waste and Infrastructure:

1. Approved the disposal, in conjunction with the Surrey Police and Crime Commissioner on the terms and conditions, and to the party, outlined in the part 2 report.

2. Delegated authority to the Director of Land and Property, in consultation with the Executive Director for Environment, Property and Growth to finalise a best value transaction and conclude all associated legal agreements.

This report seeks approval of the Cabinet Member for Property, Waste, and Infrastructure to the freehold disposal of 2 Copse Edge, New Inn Lane, Guildford, GU4 7HS following an open market campaign. The asset is offered with full vacant possession with Surrey County Council (The Council) accepting, as part of the transaction, a part surrender of the current headlease held over the asset by Halsey Garton Residential Ltd (HGR).

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 2 Copse Edge, New Inn Lane, Guildford, GU4 7HS 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, in conjunction with the Leader, the acquisition of the leasehold interest held by HGR over the property at the premium noted in the Part 2 report. The premium for the surrender of HGR’s interest is payable by the Council from the gross receipt with both parties bearing their own costs and appointments of their own professional team.

4.    Delegates authority to the Executive Director, Environment, Property and Growth in consultation with the Director of Land and Property to finalise the transaction and enter into all associated legal agreements.