Issue details

Disposal of Part of Building in Tunbridge Wells

The Council is looking to dispose of a flying freehold interest which is situated at first floor level from an investment that was purchased in December 2016. This part of the building is inaccessible and poses a maintenance liability for the Council. The value of this part of the building has been considered and has been calculated at nil consideration as the flying freehold interest is a blight on the Council’s investment and may lead to the Council having to undertake a significant amount of maintenance works in the future.

 

Decision type: Exec Non-key

Decision status: Decision Made

Wards affected: Park;

Notice of proposed decision first published: 27/07/2021

Anticipated restriction: Fully exempt  - View reasons

Decision due: 27 Jul 2021 by Director of Finance, Policy and Development (Section 151 Officer)

Lead member: Leader of the Council

Lead director: Director of Finance, Policy and Development (Section 151 Officer)

Department: Property & Estates

Contact: Max Horgan.

Decisions

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