Decision details

Former Southwark Park Nursing Home, 94 - 116 Southwark Park SE16 - Disposal of Long Leasehold Interest

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve the terms of the disposal to a developer to provide 'off site' affordable housing.

 

Decisions:

RESOLVED:

 

1.  That the head of property be authorised to agree terms to dispose of 94 -116 Southwark Park Road London SE16 to DV4 Limited SPV (Delancey) by way of a 999 year ground lease at a peppercorn rent and subject to a premium as outlined within the closed report.

 

2.  That the earmarking of the capital receipts for the purposes of funding the capital programme be authorised.

 

3.  That the sale is subject to a provision to obtain satisfactory planning consent for an extra care facility providing a minimum of 56 units.

Report author: Eleanor Kelly

Publication date: 21/10/2015

Date of decision: 20/10/2015

Decided at meeting: 20/10/2015 - Cabinet

Effective from: 29/10/2015

Accompanying Documents: