Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: November 28, 2024

Purpose: This decision relates to the ownership and refurbishment options for the following properties: 37 Hereson Road, Ramsgate, CT11 7DP; Flat 3 Cobb Court, 27 King Street, Margate, CT9 1BZ; and 1 Park Lodge, Montefiore Avenue, Ramsgate, Kent, CT11 8BD. All three residential dwellings are currently owned by the council. The report related to the decision examines both the costs of refurbishing the properties and the potential capital receipts from their disposal at auction.   The recommendation is the decision to dispose of all these properties and reinvest the proceeds of the sales in the council’s Housing Revenue Account (HRA) Capital Programme.

Content: Cabinet agreed that:   1.  The Council owned properties, 37 Hereson Road, Ramsgate, CT11 7DP, Flat 3 Cobb Court, 27 King Street, Margate, CT9 1BZ and 1 Park Lodge, Montefiore Avenue, Ramsgate, Kent, CT11 8BD are disposed of through auction;   2.  The proceeds of sale are reinvested in the council’s Accelerated Housing Delivery Programme as agreed by Council in July 2023.