Decision - Patcham Place
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Decision details
Patcham Place
PDF 169 KBDecision Maker: Cabinet (pre 2012)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
On 9 June 2011 a report was presented to
Cabinet recommending that Patcham Place be marketed by agents for
disposal by way of a long leasehold interest and that Cabinet
consider a subsequent report summarising the results of the
marketing exercise. This report provides that summary and puts
forward a further recommendation to accept one of the bids
offered.
Decision:
(1) That the disposal of Patcham Place and stables on a 125 year lease to the preferred bidder be approved, with the net capital receipt to be used to support the council’s corporate accommodation strategy – Workstyles transformation project and capital programme;
(2) That should the preferred bidder withdraw, the Strategic Director Resources be authorised to continue with the disposal to a reserve bidder or to remarket the property as appropriate.
Report author: Jessica Hamilton
Publication date: 19/01/2012
Date of decision: 19/01/2012
Decided at meeting: 19/01/2012 - Cabinet (pre 2012)
Effective from: 27/01/2012
Accompanying Documents: