Issue - meetings

To consider a proposal to declare Threadneedle House as a surplus asset, for the purpose of potentially marketing the building for sale.

Appendix 1 to this report is exempt and has been circulated to Councillors and relevant officers only.

(Report attached)

The Committee considered a report which proposed to declare Threadneedle House as a surplus asset, to enable the building to be marketed for sale.

During consideration of the report it was noted that the Post Office would remain on site as a continuing tenant.  Retention of the property involved significant expenditure and an ongoing void cost of £72k per year.  Members also noted the opportunity to revitalise this area of the town centre with the disposal of the property.

RESOLVED that

1)        Threadneedle House be declared as a surplus asset; and

2)        Officers be instructed to market the property in order to secure a capital receipt.