Decision details

Cabinet gave consideration to the options regarding the future for Pierremont Hall:

(i)  Disposal to Broadstairs Town Council as the only bidder via Community Asset Transfer;

(ii)  Disposal on the open market;

(iii)  Retain as an asset.

1.  Cabinet agreed to consider whether the purpose for which the land is to be disposed is likely to contribute to the promotion or improvement of the economic, social or environmental wellbeing of the whole or part of the district or all or any persons resident or present in the district. In particular, whether those benefits outweigh the difference in price between the offer and the valuation of the land and thereafter agreed the following;

2.  That cabinet is satisfied in relation to recommendation 5.1(in the Cabinet report) and that approval is given to dispose of Pierremont Hall by Community Asset transfer to Broadstairs Town Council;

3.  That any transfer to include appropriate restrictive covenants and overage clauses to protect the Council's position in the event of any future disposals of the property.

Cabinet was satisfied that disposal via Community Asset Transfer would contribute to the promotion and improvement of the economic, social and environmental well-being of the whole or part of the district, and to all or any persons resident in the district. It was agreed that those benefits outweigh the difference in price between the offer and the valuation of the land.

(i)  Disposal on the open market was rejected as the benefits of a community asset transfer were considered more beneficial to the area;

(ii)  Retention of the ownership was rejected, as it would be difficult to identify sufficient funds to maintain the building to ensure it is fit for purpose.