Purpose

This report advises on the
outcome of the marketing of this property and seeks the approval by
the Cabinet Member for Finance and Property to dispose of the
County Council’s freehold estate of the of the former Adult
Training Centre, Coastal Enterprises, Brougham Road, Worthing, West
Sussex, BN11 2NU.
 
Offers have been received and
approval is sought to sell to the preferred bidder.
 

Decision

The Cabinet Member for Finance and Property
has approvedthat:
 
(1) 
the County Council disposes of its freehold estate at the Former
Adult Training Centre “Coastal Enterprises,” Brougham
Road, Worthing, West Sussex BN11 2NU. As set out in Appendix A Part
II and as set out in the plan Appendix B, of this report
 
(2) 
should this sale not proceed to an early exchange of contracts,
authority is delegated to the Assistant Director (Property and
Assets) to pursue an alternative sale at an agreed minimum value,
subject to planning, pre-let and contract; and that
 
(3) 
authority is delegated to the Assistant Director (Property and
Assets) in conjunction with the Director of Law and Assurance to
conclude the terms of the sale with the purchaser.