Purpose

This report recommends the
disposal of the 125 year long leasehold interest of the Nursery
Hut, Parsons Pightle, Coulsdon Rd, Coulsdon, CR5 1EE. The objectives for the disposal were to secure
maximum receipts, achieve offers on an unconditional basis with the
lowest possible transactional risk and to target capital receipts
with the preferred bidder as quickly as possible for the Council to
reduce its outstanding debt.  The clear
preferred bidder was identified as the nursery who currently sub
lease the property from the Scouts, and they were treated as the
special purchaser. 
 
Details of the offer received
are included within the confidential Part B report, as this is
exempt information as defined in paragraph 3 of Schedule 12A to the
Local Government Act 1972 (as amended), as it
relates to the financial or business affairs of any particular
person (including the authority holding that information)
and the public interest in withholding disclosure
outweighs the public interest in disclosure.
 

Content

For the reasons set out in the
report (Part A) and Part B Report and Appendix, the Corporate
Director of Resources and Section 151 Officer
AGREED:
 
To approve the disposal of the 125 year long leasehold interest of the
Nursery Hut, Parsons Pightle at
the value stated in the confidential Part B
report.