Decision - Review of the long lease held by The Brighton Lions at Lions Court
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Decision details
Review of the long lease held by The Brighton Lions at Lions Court
Decision Maker: Housing & New Homes Committee
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Brighton Lions, a charity, were leased HRA
land in 1968 in order to build. They built 30 older persons’
flats and manage them. The lease has 50 years left to run and they
have asked the council to sell them the freehold.The report will
review the following options for the council:
a) to sell the freehold to the Bighton Lions
b) to agree to an extension of the lease
c) to let the current lease continue until it expires.
Decision:
1) That the Policy and Resources Committee be recommended to approve the sale of the freehold of Lions Court to the Brighton Lions for a consideration equal to its market value, in the sum of £670,000, subject to the Lions allocation scheme stating that new tenants will be on the council’s housing register.
2) It is agreed that if a decision is taken to sell the freehold, a restrictive covenant is placed on the land for social housing use only.
3) That it is noted that the council will be offered nominations by the Brighton Lions if they are unable to let a vacant flat.
4) That the Policy and Resources Committee be recommended to approve that the capital receipt be used to support the HRA capital programme.
Report author: Simon Pickles
Publication date: 23/09/2015
Date of decision: 23/09/2015
Decided at meeting: 23/09/2015 - Housing & New Homes Committee
Effective from: 01/10/2015
Accompanying Documents:
PDF 101 KB