Purpose

This
report seeks approval for the transfer of a freehold transfer to
Marlborough Town Council at nil value (being
considered as “best consideration”).
 

Content

I approve the transfer
of a freehold transfer to Marlborough Town Council as set out in
this report.
 
This decision was published on
4 March 2024, and will come into effect on 12 March
2024.

Reasons for the decision

On the basis that the site would be
included in any SDAT discussions and that a RICS Registered Valuer
has confirmed that transfer at nil value is best consideration, the
request is being considered outside of the Service Devolution &
Asset Transfer.
 

Alternative options considered

Wiltshire Council could continue the
existing arrangement; this would mean having to grant further
leases in the future, thus not recommended.
 
Wiltshire Council could seek to include
this in a wider Service Devolution and Asset Transfer discussion;
this would take a significant amount of time and resource to
resolve. The asset would be included in the assets for transfer
under the Policy, at nil value, thus achieves the same outcome of
this decision and not recommended.