Purpose

A freehold sale. The property is in a very
poor state and deteriorating with very onerous refurbishment costs.
Vacant since 2021.

Decision

The property was declared surplus by the
Commercial Estate and transferred to the Corporate Estate to be
sold on the open market. No interest from Housing / Aequus
therefore the asset to be sold.

Alternative options considered

Option 1 - To carry out refurbishment works
and Let
Option 2 - Property considered by Housing/Aequus
Option 3 - Sell Freehold on the open market