Decision details

Sale of the Freehold Reversion of Marine Point, New Brighton

Decision Maker: Leader of the Council

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The report of the Assistant Chief Executive seeks approval to the sale of the Council’s freehold reversionary interest in Marine Point, New Brighton.

Decision:

Resolved - That the Council’s freehold reversionary interest in Marine Point be declared surplus to the Council’s requirements and the Corporate Director of Delivery Services / Assistant Chief Executive be authorised to agree a sale of the site to Marine Point Property Ltd for the sum of £3,950,000.

Reasons for the decision:

To meet the Council’s financial requirements by generating a capital receipt from the sale.

Publication date: 12/11/2019

Date of decision: 12/11/2019

Effective from: 20/11/2019

Accompanying Documents: