Issue - meetings

Report of the Cabinet Member Finance

RESOLVED THAT

1.    The Head of Property & Asset Management (in consultation with the Cabinet Member for Finance) be authorised to market and dispose of the property for best consideration and upon such other terms as are deemed appropriate.

2.    The Borough Solicitor be authorised to prepare and conclude the necessary documentation to reflect the terms negotiated.

3.    CBH be requested to allocate the sale proceeds to the provision of additional affordable housing units aimed if possible (and subject to the Council’s Housing and Homelessness Strategy) at the under 35 age group.

The Cabinet Member Finance introduced the report and explained that 1 Halland Road was a residential property located on a private cul de sac in Leckhampton, and was held in the Housing Revenue Account.

The house was a large 4 storey semi-detached red brick Edwardian house that had been sub divided into 2 self-contained properties.

The property was let to Liveability which had served its 6 months break notice on the lease. The lease terminated on the 9th April 2018.

Together with Cheltenham Borough Homes the council had looked at the feasibility of retaining the property within the housing stock and this was detailed in the exempt appendix 3.

The recommended option was to dispose of the freehold interest which was supported by the Asset Management Working Group on 26 March.

The Cabinet Member then sought Cabinet agreement to include an additional third recommendation as follows :

Recommendation 3

Cabinet requests CBH to allocate the sale proceeds to the provision of additional affordable housing units aimed if possible (and subject to the Council’s Housing and Homelessness Strategy) at the under 35 age group.

This was supported by Members.

Members supported the recommendations, recognising the lack of affordable housing in the town with the provision of housing for the under 35s being crucial for the future of Cheltenham.

RESOLVED THAT

1.    The Head of Property & Asset Management (in consultation with the Cabinet Member for Finance) be authorised to market and dispose of the property for best consideration and upon such other terms as are deemed appropriate.

2.    The Borough Solicitor be authorised to prepare and conclude the necessary documentation to reflect the terms negotiated.

3.    CBH be requested to allocate the sale proceeds to the provision of additional affordable housing units aimed if possible (and subject to the Council’s Housing and Homelessness Strategy) at the under 35 age group.