Purpose

this information is exempt under paragraph 3 of Scheduled 12 A of the Local Government Act 1972

Decision

To approve the disposal of c. 69 acres of land located east of the A151, south of the A17 at Holbeach PE12 7HN

Alternative options considered

While retaining the land within the County Farms Estate was considered, the potential capital receipts from its disposal were deemed sufficiently significant to warrant pursuing this disposal.
The next best bid for the site was received over two years ago and was for less than the agreed consideration. Given the subsequent weakening of the market, re-marketing is not considered likely to produce a better outcome.