Decision details

To approve the terms for the disposal of Badminton House

RESOLVED:

1.  That the disposal of the council’s freehold interest in Badminton House, Quorn Road, SE22 (“the property”) on terms outlined in the closed version of the report be approved, subject to council assembly’s approval of an application to the Secretary of State for the Department for Communities and Local Government for consent to the disposal of the property.

2.  That council assembly be recommended to approve an application to the Department for Communities and Local Government for consent to the disposal of the property.

3.  That the capital receipt be authorised to replenish the housing investment programme from which the East Dulwich Estate refurbishment programme was forward funded.

4.  That the head of property be authorised to agree any minor variations to the terms of the sale, with the purchaser, which may arise prior to completion of the transaction or alternatively to agree terms with any of the under bidders subject to best consideration requirements if in the unlikely event the original offer fails to progress to completion.