Disposal of 23 The Square on a 125 year lease

December 3, 2025 Executive Director: Place (Officer) Approved View on council website
Full council record

Decision

Sale of asset on long lease resulting in
capital receipt.

Reasons for the decision

The property has been adequately marketed by
local estate agents and the sale price is considered to be in line
with the market value.
The funds received will contribute to the Council’s flexible
use of capital receipts program.

Alternative options considered

N/A – see reason for decision
above.

Details

OutcomeRecommendations Approved
Decision date3 Dec 2025