Purpose

The freehold interest in the subject property has been fully marketed resulting in an invitation for informal best bids by the agent.
8 bids were received with a recommendation to proceed with the party submitting the highest bid by the agent.
A DRF has been approved in respect of this sale.

Decision

Accept the highest offer received and progress the freehold sale.

Alternative options considered

Option 1 - Auction sale
Option 2 - Private Treaty sale