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.