Issue - meetings

That the exclusive sale of the Hollies, Barnby Road, Newark, to Hope House School be approved.

The Asset Manager presented a report which sought the Cabinet’s consideration of a proposal that the current tenant, Hope House School, purchase the freehold titles for The Hollies.  It was reported that an initial offer from the school had been made in 2023 of £220,000 to purchase the property.  Following a Red Book Valuation carried out by Richard Watkinson on behalf of the Council this was considered to be too low with the site being valued at £950,000.  Following discussions with the School, a revised formal offer was made in line with the valuation of £950,000, subject to contract and survey.

AGREED      (unanimously) that the exclusive sale of the Hollies, Barnby Road, Newark, to Hope House School be approved.