The Cabinet Member for Property, Waste and Infrastructure decided to sell 16 Brook Hill ¹ in Oxted. The property had previously been leased by the council to Halsey Garton Residential, but they surrendered the lease so it could be sold on the open market. A decision on what to do with a sum of money received as part of the surrender was deferred.

Disposal of 16 Brook Hill, Oxted

The Cabinet Member for Property, Waste and Infrastructure was asked to decide whether to sell 16 Brook Hill in Oxted. The property had previously been leased to Halsey Garton Residential ² at a peppercorn rent, but they surrendered the lease so the property could be sold. The report considered by the Cabinet Member recommended that the property be sold to an unnamed party for an undisclosed sum. The report explained that:

Following an open marketing campaign of the vacant property known as 16 Brook Hill, Oxted RH8 9LR terms have been agreed to sell the freehold interest to the party, and at the price, noted in the Part 2 report.

The report also recommended that the Cabinet Member approve the acquisition of the leasehold interest from Halsey Garton Residential for an undisclosed sum. This was to allow the freehold of the property to be sold.

The Cabinet Member decided to approve both recommendations. This means that the property will be sold on the open market, and that a sum of money will be paid to Halsey Garton Residential to surrender their lease. The report noted that there is debt aligned to the property, but did not state how this would be managed. It is not clear why the meeting was held in private, given that none of the commercially sensitive information relating to the sale price, the identity of the buyer or the surrender premium was revealed.