Issue - decisions

Date of Decision:

31st July 2024

Title:

Disposal of Freehold Interest in 167 Canklow Road, Canklow

Decision Maker:

(Including Job Title)

Kevin Fisher, Assistant Director Property & Facilities Services

Details of Specific Committee 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 167 Canklow Road 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 167 Canklow Road, Canklow for £590 plus a contribution towards the Councils professional fees.

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

Not Applicable