Decision details

To request a variation to the sale terms of Ollerton Hall from those agreed at Cabinet in July 2023 and by Portfolio Holder decision dated 29 May 2024 to allow the proposed development to go ahead with amendments.

That the Portfolio Holder for Strategy, Performance & Finance, in consultation with the Portfolio Holder for Sustainable Economic Development, the Section 151 Officer and the Director – Planning & Growth:

a)               approves removal of the overage provision in the current sale agreement, as set out in Section 1.2 and Section 2 of this report; and

b)        approves amendments to the Essential Works required to be completed prior to the sale, as set out in 2.6 of this report.

To continue the dispose of Ollerton Hall and secure the long-term future of the building.

If this proposal was not met with an approval, then the developer would need to withdraw from the project and be unable to complete the conservation works or go on to execute the conversion to residential. In this circumstance the Council would have no alternative but to offer the site up to the open market once again. This has been done several times already with great difficulty due to the scale of the project and the conservation issues for the site, which have now been revealed to be of a greater extent than originally envisaged. It is also highly likely that the building condition would deteriorate further and present a greater overall project cost (impacting on final sale price).