Decision details

The Council granted a lease of some land at Northside
Court on 21 September 2004 to a Housing Association to
construct a development of affordable housing. Some of
those properties were leased on shared ownership terms.
The lessee’s of 4 Northside Court have staircased to
100% leasehold interest and now have a right under the
Leasehold Reform Act 1967 to purchase the freehold.
The Council and the current Registered leasehold owner
Vivid Housing Ltd, are entering into the transfer,
whereupon both the Headlease and underlease will merge
into the freehold being transferred. The Council and the
Housing Association will be receiving a premium from the
sale.

The lessee of the property has a statutory right to
purchase the freehold

None

2.3.4 To dispose of land and buildings, whether
leasehold, freehold or shared ownership held in the
Housing Revenue Account: (1) up to 0.2 hectares in
area or; (2) where the council is statutorily obliged to
dispose in accordance with relevant legislation,
(including if a Key Decision).
(a) the Council to receive best consideration, where
required. (b) the purchaser must pay all the Council’s
costs in relation to the sale, where permitted.