Decision details

The Cabinet Member introduced the report concerning the sale of Montpellier Lodge. He reminded members of the background to the sale to the preferred purchasers in July 2011 and informed them of the subsequent refusal of planning permission by Planning Committee. The purchasers were proceeding with a planning appeal and were now also seeking a revised purchase price. This was still regarded as best consideration reasonably obtainable for the premises. Cabinet’s approval was therefore sought to accept the revised purchase price.

Resolved

1. That Cabinet accepts the lower purchase price requested by the preferred purchasers.
2. That authority be delegated to the Head of Property and Asset Management to place the premises back on the open market in the event of the sale not proceeding to the preferred purchasers.