Decision details

Sale of Garages at Yeomans Ride, Pulleys Lane, Hyde Meadows, Wood View, Rucklers Lane and Long Arrotts

Decision Maker: Strategic Director (Corporate & Commercial Services)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

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. The garage sites above were subject to a sales process with the purchaser Watford Community Housing Trust supported by an external valuation undertaken by Brasier Freeth.

Decision:

To dispose of the garage sites for redevelopment in the sum of £3.06m to Watford Community Housing Trust. The disposal of garages was agreed by Cabinet in September 2014. The marketing of the sites has been undertaken following an Open Market Valuation of the sites by external experts Brasier Freeth. The sale has the condition that the sites will be redeveloped within 24 months for residential purposes.

Alternative options considered:

Option 1 -
Option 2 -
Option 3 -

Publication date: 22/05/2018

Date of decision: 03/04/2018

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