Contents
Report 10 of the 12 Dec 02 meeting of the Finance Committee and discusses progress with marketing the site that comprises part of the rear garden to Sandgate House.
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Sandgate House Ltd
Report: 10
Date: 12 December 2002
By: Commissioner
Summary
To advise members of progress with marketing the site that comprises part of the rear garden to Sandgate House.
A. Recommendation
That the offer set out in the exempt report (agenda item 16) for the purchase of part of the rear garden be accepted.
B. Supporting information
1. Sandgate House is a block of 24 flats in Ealing W5 that was used as residential quarters. In 1999 the freehold title was transferred to Sandgate House Management Ltd. to facilitate the block’s break-up and sale of the individual flats. Since 1999 17 flats have been sold on long leases and 7 are retained for use as MPA residential quarters.
2. The freehold title is subject to a Trust in favour of the MPA which remains the beneficial owner. The freehold title is subject to the rights of leaseholders over the common parts (including the garden land to be sold).
3. In November 2001 Members of the Estates Sub-committee resolved that:
“Property Services Department, in partnership with the management company and the leaseholders, be authorised to negotiate the possible disposal of part of the grounds at Sandgate House and to report the outcome ….”
4. The site was marketed at the end of September, with best and final offer invited by 14 November 2002. Details of offers received are contained in the linked exempt report for consideration by members.
C. Equality and diversity implications
There are no equality and diversity implications arising from the issues in this report.
D. Financial implications
The financial implications are set out in the exempt report.
E. Background papers
- Residential Property Management Companies - Report on Sandgate House and Mead House Management Ltd. Estates Sub-Committee, 19 November 2001
F. Contact details
Report author: Alan Croney, Director of Property Services
For more information contact:
MPA general: 020 7202 0202
Media enquiries: 020 7202 0217/18
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