Content

To sell the property in accordance with the
JSC paper dated 3 June 2025 at the terms on the exempt paper
attached thereto.

Reasons for the decision

To reduce the Council borrowing on the asset
and to eliminate holding costs. It is also important for the sale
to proceed to allow the asset to become a useful part of the
village centre under the new owner.

Alternative options considered

The original purpose of acquisition was to
provide housing but following the referral of Adur Homes to the
Regulator, and the withdrawal of funding, the site became incapable
of development by Adur District Council (ADC). 
 
The alternative and initially temporary use by
Freedom Works as serviced offices and community space came to an
end in February 2024, and that was not sustainable, as the costs to
ADC, such as maintenance and interest costs, were more than the
(nominal) rents receivable.
 
Other alternative uses were pursued through
the extended marketing campaign and this settled on the current
proposed use.