Decision details

Property Holdings: Disposal of 40, Crescent Road, Worthing, West Sussex, BN11 1RQ FP06 21-22

Decision Maker: Cabinet Member for Finance and Property

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The County Council’s West Sussex Plan sets out its ambition to minimise the burden of local taxation, delivering the best outcomes for residents with the money it spends, whilst living within its means.  In 2018 the County Council agreed to adopt an Asset Management Policy and Strategy.  An objective of the strategy is to acquire, manage, maintain and dispose of property effectively, efficiently and sustainably, together with optimising financial and commercial opportunities.

 

To accord with Standing Orders, this report advises on the outcome of the marketing of this vacant property and seeks the approval of the Cabinet Member for Finance and Property to dispose of the County Council’s freehold estate in the property.    Offers have been received and approval is sought to sell to the preferred and highest bidder. 

 

 

Decision:

The Cabinet Member has agreed:

(1)              That the County Council disposes of its freehold estate in this surplus property as set out in Appendix A of this report (restricted, for members only); and  

(2)              Authority is delegated to the Director of Property and Assets in conjunction with the Director of Law and Assurance to conclude the terms of the sale with the purchaser. 

 

Interests and Nature of Interests Declared:

None

Publication date: 12/01/2022

Date of decision: 12/01/2022

Effective from: 24/01/2022

Accompanying Documents: