Town
& Country Housing have approached TWBC to acquire a number of
small parcels of land that have remained in the ownership of the
Council since the transfer of the housing stock to TCH. This is to
consolidate their landholding as part of their plan to redevelop
the Estate. The intention is to agree an option to purchase now
& for the matter to complete once their own plans are ready to
proceed. Currently there are 13 parcels amounting to a total of
454.9 m sq. The land are predominately footpaths or highway. The
firm of GL Hearn were instructed to provide a valuation in
September 2022 which was accepted by both parties. The total value
of the parcels of land has been calculated at £27,134.
TCH are currently assessing whether other parcels may be required
as part of the need to accommodate he cycle path that is planned to
pass through the area.
Decision type: Exec Non-key
Decision status: Decision Made
Wards affected: Broadwater;
Notice of proposed decision first published: 14/08/2023
Anticipated restriction: Part exempt - View reasons
Decision due: 21 Sep 2023 by Cabinet
Lead member: Cabinet Member for Finance and Performance
Lead director: Director of Finance, Policy and Development (Section 151 Officer)
Department: Property & Estates
Contact: Peter Benfield, Senior Estates Officer.
Consultation process
The Finance and Governance CAB will be consulted.