To report a change to the terms provisionally agreed for the purchase of two garages at Wynton Way, Fareham as approved by the Executive on 1 December 2014.
The Executive were advised in a report considered on 1 December 2014 that the majority of the site as shown for identification purposes only on Appendix B is owned by the Council and includes19 garages in two blocks. The garages are in low demand with 7 let to tenants and 10 currently empty. The other 2 garages, as shown shaded on the plan, were sold in 1984 and 1985 under the Right to Buy Scheme, subsequently resold and are therefore in private ownership.
The land in Council ownership is included in the current Strategic Housing Land Availability Assessment and has long been regarded as potentially suitable for a housing redevelopment. The opportunity had arisen to purchase the two garages not in FBC ownership which will facilitate in conjunction with the Hampshire County Council (HCC) adjoining land as shown on Appendix B, a future affordable housing scheme. Discussions with HCC for the purchase of their land are taking place. The terms provisionally agreed for the purchase of the two garages are set out in the confidential Appendix A. This includes a change to the terms and the reason why this is necessary.
Decision type: Non-key
Decision status: Recommendations Approved
Decision due: 7 Sep 2015 by Executive
Lead member: Executive Member for Policy & Resources
Lead director: Director of Finance & Resources
Contact: Grahame Lloyd Email: firstname.lastname@example.org.