Disinvestment in Land at Two Mile Bottom, Thetford: Reference: D43/25
September 9, 2025 Cllr Paul Hewett, Executive Member for Property, Projects & Procurement (Cabinet member) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to reaffirm the 2017 authority, he agreed to authorize the disinvestment in land at Two Mile Bottom, Thetford, to tenants in situ or their nominated buyer, at or above market value.
Full council record
Purpose
Disinvestment in Land at Two Mile Bottom, Thetford (Land) (previous reference D35-19)
Decision
Agree to Authorise Option 1 of the attached report and reaffirm the 2017 authority to disinvest in land at Two Mile Bottom, Thetford (Land), to tenants in situ or their nominated buyer, at or above market value
Reasons for the decision
The disinvestment in the asset will allow the Council to reinvest the anticipated income into contributing to providing improved Council Services.
Alternative options considered
Option 1: Reaffirm the 2017 authority to disinvest in land at Two Mile Bottom, Thetford (Land), to the tenants in situ or their nominated buyer, at or above market value (Previous reference D40/17).
Option 2: Do nothing
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 9 Sep 2025 |
| Effective from | 18 Sep 2025 |
| Subject to call-in | Yes |