Decision details

Freehold Disposal of Entry Hill Depot

Decision Maker: Director of Capital & Housing Delivery

Decision status: Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

A unilateral approach was made to purchase the freehold interest in Entry Hill Depot.

The decision to sell has passed through a Single Member Decision and then a full Cabinet Scrutiny Committee.

The decision has also been approved via a Decision Record Form 2024001.

Decision:

To dispose of the Freehold interest subject to RICS Red Book Valuation and inclusion of overage provision.

Alternative options considered:

Option 1 - Residential Development
Option 2 - Continued use as a Corporate asset
Option 3 - Disposal

Publication date: 10/01/2024

Date of decision: 10/01/2024