Decision details

To approve the disposal of the freehold interest

RESOLVED:

1.  That the head of property be authorised to dispose of the council’s freehold interests in 5 Trossachs Road, SE22 and 7 Hayles Street, SE11 (the “properties”), either by auction or an alternative method of sale, for a consideration not less than the best that can reasonably be obtained.

2.  That the head of property be authorised to set the levels of reserve, below which the properties will not be sold, prior to any sale at auction; or, in the event of an alternative method of sale, set the minimum prices at sums that equate to the best consideration that can reasonably be obtained. 

3.  That the capital receipts from the sale of the properties be recycled and used in accordance with the provisions of the capital finance regulations for the purposes of the housing investment programme as identified in the finance directors comments (paragraph 30 of the report).