Decision details

Commercial Asset Disposal

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes



The Cabinet agreed to sell part of one of the Council’s commercial assets, identified within the Local Plan & Masterplan and allocated for employment uses, to a third party for a consideration, providing that the consideration is in excess of two independently commissioned Red Book valuations in order to comply with the requirements of S123 of the Local Government Act 1972.



Report author: Andrew Small

Publication date: 15/03/2023

Date of decision: 13/03/2023

Decided at meeting: 13/03/2023 - Cabinet

Effective from: 23/03/2023

Accompanying Documents: