Decision details

Date of Decision:

25th April 2025

Title:

Disposal of Freehold Interest in 108 Psalters Lane, Kimberworth

Decision Maker:

(Including Job Title)

Kevin Fisher, Assistant Director Property & Facilities Services.

Details of Specific Delegation

or

Delegation contained in the relevant Sub-Scheme of Delegation.

Decision taken under the powers granted to the property officer under section 29.12 of the Council’s Financial Procurement Procedure Rules.

Paragraph 29.12.1 states where the estimated disposal value is less than £100,000 the Property Officer, having taken financial and legal advice, may arrange for the disposal of land or property.

Decision:

That the Assistant Director for Property & Facilities Services approves the disposal by agreement of the freehold interest of 1o8 Psalters Lane, Kimberworth in consultation with the Council’s Section 151 Officer and the Cabinet Member for Transport, Jobs, and the Local Economy

Reasons for the Decision:

Under the Leasehold Reform Act 1967, a leasehold property owner has the statutory right to either extend the length of their existing lease or to purchase the freehold title to their property.

Given the direct approach from the leaseholder, the only option is to dispose of the freehold interest in the property. The long leaseholder in this instance is exercising their statutory right to purchase the freehold.

Approval is sought to dispose of the freehold interest in 108 Psalters Lane, Kimberworth for £1,450 plus a contribution towards the Councils professional fees.

Conflicts of interest declared by the Decision Maker if they sit as a Cabinet appointed representative to an outside body which relates to the decision:

Not Applicable

Dispensations Granted:

(If any)

Not Applicable

Reports or parts of reports considered

Not Applicable