Purpose

The decision to sell the property was approved by Cabinet on 5 November 2025 via report FIN/701 and these decisions relate to resolutions (b) and (c) of that report. The decisions were to approve the sale and approve and completion of all relevant documentation, including legal paperwork necessary in relation to enable the sale.

Decision

The sale of the property be approved by the Head of Corporate Finance, in consultation with the Leader. The completion of all relevant legal document was taken by the Commercial Asset Manager, in consultation with the Head of Governance, People & Performance via Legal Management Team (Legal Services Manager and Data & Democracy Manager) and the Head of Corporate Finance.

Alternative options considered

Option 1 - The alternative option was to retain the property and not go ahead with the sale – this was rejected because of the low rental return, and the sale produced a capital sum for the Council. Option 2 - Proceed with the sale