Approve the purchase of a ‘Stream 1’ investment property for up to £13,000,000 plus purchaser’s costs of 6.17%.
The decision has been considered previously by members of the Property Investment Governance Board and the Lead Cabinet Member for Finance on 25th February and 4th March 2019.
Decision type: Key
Reason Key: Significant Expenditure or Savings;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 14/03/2019
This decision will be taken under urgency procedures.
Decision due: 14 March 2019 by Leader of Council
Lead member: Leader of Council
Lead director: Executive Director
Contact: Bob Palmer, Interim Executive Director 01954 713094 Email: Bob.Palmer@scambs.gov.uk.
The Interim Executive Director consulted with the Property Investment Governance Board members before this decision was taken.
Purpose of Report: Report to Property Improvement Governing Board 4th March 2019; and report from Carter Jonas, 1st March 2019 (Exempt by virtue of paragraph(s) 3 of Part 1 of Schedule 12A of the Local Government Act 1972). VAT advice was provided by Constable VAT Consultancy LLP.