Decision details

To approve the disposal of 7 Severn Place to Unex Group Holdings Limited as part of a site assembly scheme.

Matter for Decision:  

The report recommended the disposal of an Housing Revenue Account property at 7 Severn Place Cambridge. The proceeds of sale would be reinvested for the provision of additional affordable housing. The sale was to be facilitated by the Council having vacant possession of the dwelling, following relocation (by agreement) of the existing tenant.

Decision of Executive Councillor for Customer Services and Resources:

Approved the disposal of 7 Severn Place on the terms as detailed in the report and the reinvestment of the capital receipt in the provision of additional affordable housing.

Reason for the Decision:

As set out in the Officer’s report.

Any Alternative Options Considered and Rejected:

Not applicable.

Scrutiny Considerations:

The Committee received a report from the Head of Property Services regarding the sale of 7 Severn Place.

Members made the following comments in response to the report.

              i.      Concerns were raised that the property could be left empty until the developer has a larger pocket of land to develop.

            ii.      Members expressed satisfaction that the receipts would be used for affordable housing provision.

          iii.      Some concerns were raised that the property value had not been tested on the open market.

         iv.      Members agreed that the property in question, a semi detached house, was not best suited to it’s location.

The Committee resolved unanimously to endorse the recommendations.

The Executive Councillor approved the recommendation.

Conflicts of interest declared by the Executive Councillor (and any dispensations granted)

Not applicable.