Issue - meetings

To approve the disposal of the council’s freehold interest in 170 Sumner Road, SE15.

The cabinet agreed to hear a deputation from the North Peckham Tenants and Residents Association on the need for a community hall in the area (item 6).

RESOLVED:

1.  That the disposal of the council’s freehold interest in 170 Sumner Road, London SE15 6JL(“the Property”), as shown hatched black on the plan attached to the report, to the bidder identified and on terms set out in the accompanying closed agenda report be approved, subject to any further negotiations considered necessary by the head of property.

2.  That should the sale not proceed to completion within a reasonable time as determined by the head of property, the property be offered to the underbidder or re-offered for sale on the open market and then sold on terms to be approved by the head of property for the best consideration that can reasonably be obtained.