Decision details

Freehold sale by auction of: The Rowans, College Street, Leicester, LE2 0JH

Decision Maker: City Mayor (Individual Decision)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To proceed to the sale by auction of the premises known as The Rowans, College Street, Leicester, LE2 0JH.

 

Decision:

The sale by auction of The Rowans, College Street, Leicester, LE2 0JH. This decision is reserved for the City Mayor because it meets the criteria of a sale as covered in paragraph 8 of the Scheme of Delegation. The sale of land is not a criterion to qualify as a key decision. The Director of Estates and Building Services has approved the valuation and reserve.

Reasons for the decision:

To dispose of a surplus vacant building no longer required by the Council for its functions.   To meet best consideration in its disposal decisions and meet its fiduciary duty in line with S123 of the Local Government Act 1972.

Alternative options:

·         Re-purposing of building to satisfy conversion to an educational use, re-using within the Corporate Estate (investment estate) or conversion to affordable Housing. None of these optionswere financially viable.

·         Disposal at Auction (recommended).

 

Publication date: 29/08/2023

Date of decision: 29/08/2023

Effective from: 06/09/2023

Accompanying Documents: