Purpose

The report
will recommend the disposal of the investment asset at
Enterprise Close Industrial Estate, Factory Lane,
Croydon, CR0 3RZ – Asset Disposal. The report is required as the value of the
disposal is over £1,000,000.  This
asset has been fully marketed by SHW and is now under
offer.
 
The
decision required is to approve the disposal.
 

Content

For the reasons set out in the report the Corporate
Director of Resources and Section 151 Officer AGREED the following
recommendations: 
 
To approve the disposal of the
freehold of Enterprise Close Industrial Estate and assignment of
the Council’s underlease at the value stated in the
confidential Part B report. 
 
To note, an annual update on the Annual Asset Disposal Plan
(AADP) to be brought to Cabinet detailing all disposals and
lettings and the achieved price.