Decision details

Freehold Transfer of 11a thorpe way cambridge

Decision of:

Councillor Robertson, Executive Councillor for Finance and Resources 

Reference:

18/URGENCY/SR/8

Date of decision:                             

19/11/8

Recorded on:19/11/18 

Decision Type:

Key Decision

Matter for Decision:

Freehold Transfer of 11A Thorpe Way Cambridge

Why the decision had to be made (and any alternative options):

The land comprising 11A Thorpe Way is a small area of low value let on a ground lease at a low rent, the house on the plot belongs to the leaseholder. Terms for a freehold transfer have been provisionally agreed subject to approval; the leaseholder has funding in place and is keen to progress the purchase as soon as possible. There is a precedent for the disposal as two other properties in the terrace have been previously sold by the Council by agreement. The leaseholder also has a statutory automatic right to acquire the premises by way of the Leasehold Reform Act 1967.

The Executive Councillor’s decision(s):

To transfer the freehold interest in 11A Thorpe Way to the current leasehold owner.

Reasons for the decision:

Contained in the officer’s report.

Scrutiny consideration:

The Chair and Spokesperson of Strategy and Resources Scrutiny Committee were consulted prior to the action being authorised.

Report:

A report detailing the background and financial considerations will be reported to the next Strategy and Resources Scrutiny Committee on the 11 February 2019.

Conflicts of interest:

None

Comments:

None.