Decision

There are confidential appendices to this report, which are exempt by virtue of paragraph 3 of Schedule 12A of Part 1 of Schedule 12a of the Local Government Act 1972 because they contain information relating to the financial or business affairs of any particular person (including the authority holding that information).

Reasons for the decision

The leaseholder served a statutory notice in 2004 under the Leasehold Reform Act 1967 to purchase the freehold of the subject property. As the leaseholder qualifies as a tenant under the Act, the Council was required to respond accordingly.

Alternative options considered

In this instance, no further options are available, as the leaseholder had exercised their statutory right to a freehold purchase and the premium had been negotiated between the leaseholder’s valuer and the Council’s valuer to ensure a fair and reasonable outcome for both parties.