Decision details

Date of Decision:

30^th July 2024

Title:

Disposal of Ground Lease at Doncaster Gate, Rotherham

Decision Maker:

(Including Job Title)

Kevin Fisher, Assistant Director Property & Facilities

Details of Specific Committee Delegation

or Delegation contained in the relevant Sub-Scheme of Delegation.

Decision taken in accordance with Cabinet approval to dispose of the asset on 20^th November 2023 (Item 89)

Decision:

That the Assistant Director for Property and Facilities Services approves the disposal of the site identified on the plan attached in accordance with agreed Heads of Terms. Asset Management will manage the disposal process with the proposed purchaser, in consultation with the Council’s Section 151 Officer and the Cabinet Member for Transport, Jobs, and the Local Economy.

Reasons for the Decision:

Following Cabinet approval to dispose of this asset on 20^th November 2023, this report is to provide an update on the interest received following a marketing exercise and to advise of the outcome for the sale of the ground lease at Doncaster Gate.

The Cabinet report provided a capital receipt estimate which was included in exempt appendix 2 to the Cabinet report. However, the final figure following marketing is below the estimate.

The proposal is to sell the freehold of the property to the current leaseholder Assura who were the highest bidder following this marketing process.

Where the decision is made under specific delegation from a decision making body, the names of any member of the relevant body who has declared a conflict of interest in relation to the decision and name of the body granting the specific delegation and the date when it did so:

No Conflicts

Reports or parts of reports considered

20^th November 2023 (Item 89)