Issue - meetings
Disposal of Long Leasehold interest - Welch House, 94-116 Southwark Park Road, SE16 3RR
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Meeting: 20/10/2015 - Cabinet (Item 26)
26 Former Southwark Park Nursing Home, 94 - 116 Southwark Park SE16 - Disposal of Long Leasehold Interest
To agree that the head of property agree terms to dispose of 94-116 Southwark Park Road, London SE16 to DV4 Limited SPV (Delancey).
Supporting documents:
- Report: 94 - 116 Southwark Park Road -Disposal of Long Leasehold Interest, item 26
PDF 66 KB
- Appendix 1: Map, item 26
PDF 136 KB
Minutes:
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.