Decision details

Sale of Garages Juno Road

Decision Maker: Strategic Director (Corporate & Commercial Services)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Decision made and reasons: Decision: To dispose of the garages at Juno Road for redevelopment for the sum of £860,000 Reason: The disposal of garages was agreed by Cabinet in September 2014. The marketing of the site has been undertaken by Lambert Smith Hampton, Chartered Surveyors, acting as our agents, who have placed the garages on the open market following an advertising campaign. Seven bids were received and the highest unconditional offer selected.

Decision:

In September 2014, Cabinet approved the disposal of selected DBC owned garage sites with a view to increasing the supply of housing across the borough, minimising the future maintenance liability, and driving more efficient use of its stock. Since that date, 97 sites have been reviewed further and an initial 17 selected for disposal over the next 18 months. The garage site at Juno Road was the third site selected for sale. Marketing was via press adverts, internet portals and direct marketing to a selected list of developers and builders. Bids received were a range of unconditional offers and offers conditional on gaining planning permission for selected developments. The proposed purchaser has been secured via an open marketing route and via best and final bids via Lambert Smith Hampton.

Alternative options considered:

Option 1 - Option 2 - Option 3 -

Publication date: 27/02/2017

Date of decision: 27/02/2017

Accompanying Documents: