Decision details

RESOLVED:

1.  That the terms outlined in the report for the acquisition of the long leasehold interest in 161a Manor Place, SE17 including the payment of a basic loss payment and associated disturbance payments be approved.

2.  That the terms for the surrender of the lease of 161 Manor Place, SE17 by the business tenant and the compensation for the extinguishment of the business together with associated disturbance payments be approved. 

3.  That the head of property be authorised, once full vacant possession has been achieved, to market for sale the council’s unencumbered freehold interest in 161-179 Manor Place, SE17 and 6 Stopford Road (the “Property”). The results of this marketing exercise to be brought to cabinet for approval and further recommendation.