A report was presented to Cabinet proposing the purchase and conversion of a large property in Edgar Road, Cliftonville.
The property is four houses, currently configured as a single property, consisting of rooms with en-suite bathrooms with shared lounges and kitchens. The property has been valued and the owner has indicated acceptance of an offer within the valuation figure, subject to contract.
There is sufficient funding within the council’s approved Live Margate programme to support the purchase. The property will be redeveloped within the HRA for Affordable Housing as self-contained family homes.
Decision type: Key
Reason Key: Expenditure or Making one-off Savings anticipated to be £250,000 or more*;
Decision status: Recommendations Approved
Notice of proposed decision first published: 20/01/2023
Anticipated restriction: Part exempt -
Explanation of anticipated restriction:
Information relating to the financial or business affairs of any particular person (including the authority holding that information). Cost of property to be exempt due to the potential competitive bidders.
Decision due: 2 Mar 2023 by Cabinet
Lead member: Councillor Jill Bayford, Shadow Cabinet Member for Housing Cllr-Jill.Bayford@thanet.gov.uk
Lead director: Bob Porter
Contact: Bob Porter, Director of Place Email: email@example.com.
What the decision will mean: Purchase of a property in Edgar Road for redevelopment within the HRA