Decision details

Disposal of Community Centre Shops

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No


Cabinet agreed:


2.1       That the community centre shops shown on Annex 1 to this report are progressed for sale.


2.2       That the process for the sale is as follows:-


2.2.1   That each one has a restrictive covenant placed on the title to remain as commercial use on the ground floor within use Class A1, changes within this use class are regulated by Planning Policy.


2.2.2   That the shops will be sold at market value (to comply with the Councils obligation to obtain best consideration), determined by an independent RICS registered valuer taking into account the restrictive covenant and the costs of sale.


2.2.3   That the tenants are given the opportunity to purchase the shops at the market value as determined by the Council’s market valuation.


2.2.4   To allow the tenants a period of six months from the date of the valuation to confirm their offer to purchase the shops and provide evidence of financial ability to complete in a timely manner.


2.2.5   That those shops which are not under offer after six months will be progressed for sale on the open market.


2.3       That authority be delegated to the Economic Growth and Regeneration Manager, in consultation with the Borough Secretary, Chief Finance Officer and Cabinet Member for Regeneration and Enterprise to progress this sale on the terms listed in points 2.2.1 – 2.2.5.


Publication date: 04/03/2020

Date of decision: 04/03/2020

Decided at meeting: 04/03/2020 - Cabinet

Accompanying Documents: