Issue - meetings

This report seeks approval for disposal of the majority of the Council-owned property and land forming the Hicks Farm buildings complex, Bournemouth.

Securing a future use for these assets has been under review as the various outbuildings are in a significant state of disrepair and have been for many years. There is a current disrepair claim against the Council on the tenanted farmhouse, and the Council is unable to fund the necessary repairs required to bring the site back into use.

The proposed transactions shall secure best consideration in accordance with Section 123 of the Local Government Act 1972.

The disposals are expected to secure capital receipt of c. £1m that can support an improved facility in the western parcel as well as Councils finances.