Decision details

Sale of freehold interest.

(1)        That the sale of the Council’s freehold interest in Lindsay House (15 Lindsey Street, Epping) on the open market be agreed in principle;

(2)        That a marketing exercise, including an invitation to offer from the Theydon Trust, be undertaken inviting bids based on:

            (a)        a sale as a single dwelling; and

            (b)        a conversion of the property to flats;

(3)        That the Portfolio Holder for Asset Management & Economic Development be authorised to:

            (a)        consider the results of the marketing exercise and determine the basis      on which the property was to be sold against the covenant restricting use of      Lindsay House for a single dwelling house or home for elderly persons;

            (b)        consider, in the light of the offers received, if there would be financial          benefit to the Council in seeking to remove the covenant and then remarket the property; and

            (c)        approve, subject to (b) above, the highest offer received for the       property or seek to remove the covenant.