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Decision details

Asset Disposal: Drayton Road, Central Croydon (Old Town)

Decision Maker: Cabinet Member for Resources and Financial Governance

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

As set out in the report.

Decision:

1.1       Approve the freehold disposal of Glazier House, 53 Birdhurst Road, South Croydon CR2 7EF

 

1.2       Approve the freehold disposal of the former Territorial Army Volunteer Reserve (TAVR) building Monks Hill

 

1.3       Approve the freehold disposal of the former Social Club at Drayton Road, Croydon

 

1.4   Approval to a downward price variation of up to a maximum of 10% for each disposal without having to refer the matter back to Cabinet to allow for some minor value changes during the disposal process as further due diligence is undertaken. Any variation in price would be subject to approval of the Interim Corporate Director Resources and s151 Officer

 

On the basis of the terms set out in Part A and Part B of this report

 

Reasons for the decision:

As set out in the report.

 

Alternative options considered:

As set out in the report.

 

Publication date: 06/01/2022

Date of decision: 06/01/2022

Effective from: 15/01/2022

Accompanying Documents: