Decision details

Review of Property Holdings: Disposal Barnham FR06(19/20)

Decision Maker: Cabinet Member for Finance and Resources

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

As part of its capital programme management, in line with the County Council’s West Sussex Asset Management Policy and Strategy, the Council continually reviews its property estate. This includes consideration of assets which are likely to become surplus to operational requirements, i.e. no longer needed. In addition, the Council acquires or develops assets to meet statutory and service requirements as well as the Council’s wider purposes, including investment or to promote social and economic development opportunities. From time to time these activities give rise to decisions to purchase, dispose of or to develop an asset.

 

In line with the Strategy the County Council has completed a programme of work to raise the land value on land known as Angel’s and Hyde Nurseries, Yapton Road, Barnham, West Sussex, PO22 0AY and now proposes to make a freehold disposal of the title.  Offers have been received and progressed in stages to raise certainty. Approval is sought to sell to the highest bidder in an unconditional contract. The property was declared surplus in 2018, FR17(17/18).

 

Decision:

The Cabinet Member has endorsed:

1)   The disposal of the freehold estate known as Angel’s and Hyde Nurseries, Yapton Road, Barnham, West Sussex, PO22 0AY; and that

2)   Authority is delegated to the Executive Director of Place Services in conjunction with the Director of Law and Assurance to conclude the terms with the successful bidder.

 

Interests and Nature of Interests Declared:

None

Publication date: 20/06/2019

Date of decision: 20/06/2019

Effective from: 02/07/2019

Accompanying Documents: