Agenda item

Sheringham Enabling Land

Summary:

 

 

 

 

 

 

Options considered:

Following the commencement of the leisure devolvement construction phase and having received a formal offer to acquire the site, officers have prepared a paper that considers the offer received for a freehold acquisition of the site, for an apart-hotel development and a number of alternative options.

 

8 Options have been considered

 

Conclusions:

The site has been marketed for over 2 years and the Council has recently received a formal offer to acquire the freehold of the land for redevelopment.

 

The offer received would generate a capital receipt for the Council as described in Option 1, would support the tourism sector, local economy and create a range of employment opportunities.

 

 

 

Recommendations:

 

 

 

 

 

Reasons for

Recommendations:

 

  1. To approve the disposal of the site as detailed in Option 1
  2. To allocate a capital budget of £100,000 for site servicing costs and in addition a contingency of 10%.

 

To dispose of an asset that is surplus to requirements and funds generated are to enable the Leisure development on adjacent land.

 

 

               

Cabinet Member(s)

Cllr G Hayman

Ward(s) affected :

Contact Officer, telephone number and email:

Renata Garfoot, 01263 516086 Renata.Garfoot@north-norfolk.gov.uk

 

 

Decision:

RESOLVED

 

  1. To approve the disposal of the site as detailed in Option 1
  2. To allocate a capital budget of £100,000 for site servicing costs and in addition a contingency of 10%.

 

Reason for the decision:

 

To dispose of an asset that is surplus to requirements and funds generated are to enable the Leisure development on adjacent land.

Supporting documents: