Decision

Sale of former Housing asset 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

To continue marketing in the hope of securing
a higher offer. This has been rejected as it is considered the
offer is reflective of market value