Issue - meetings
Sale of Ashbank, 1 Shipton Road, York
Meeting: 30/08/2018 - Executive (Item 31)
31 Disposal of Ashbank - No. 1 Shipton Road, York 
PDF 197 KB
The Corporate Director of Economy & Place to present a report which seeks approval to dispose of the former council office at Ashbank, 1 Shipton Road, to the highest bidder.
Additional documents:
- Annex 1 - Ashbank site plan, item 31
PDF 407 KB
- Annex 2 Summary of Bids, item 31
PDF 132 KB
- Annex 3 - Ashbank - One Planet Impact Assessment, item 31
PDF 281 KB
- Confidential Annex 4 - List of bidders , View reasons restricted (31/5)
- Confidential Annex 5 - Letter from Sanderson Weatherall , View reasons restricted (31/6)
Decision:
Resolved: (i) That the sale of Ashbank to Anchor Housing Trust (Anchor), as the highest net financial bidder, be approved.
(ii) That Bidder 1 be retained as a reserve bidder and that, should Anchor fail to complete the purchase of Ashbank in a timely manner, authority be delegated to the Director of Economy & Place to agree its disposal to the reserve bidder in their place.
Reason: To achieve the best financial consideration for the disposal of this surplus asset and enable development on a currently vacant property.
Minutes:
The Assistant Director of Regeneration & Asset Management presented a report which sought approval to dispose of the former council office at Ashbank, 1 Shipton Road, to the highest financial bidder.
Anchor had been identified as the preferred bidder for the site in autumn 2017 but, having been asked to reconsider their development scheme, had since submitted a lower bid for a smaller scheme. In view of this, the under bidders had also been invited to re-submit revised offers. Details of all bids received were set out in Annex 2 to the report. The highest net value, £1.35m, had been offered by Anchor.
The council’s agents had confirmed that this offer reflected best consideration, and Anchor’s pre-application enquiry had received positive feedback from Planning. To further reduce the risk of a bid not proceeding, it was also recommended that the bidder submitting the next most favourable bid be appointed as reserve.
Resolved: (i) That the sale of Ashbank to Anchor Housing Trust (Anchor), as the highest net financial bidder, be approved.
(ii) That Bidder 1 be retained as a reserve bidder and that, should Anchor fail to complete the purchase of Ashbank in a timely manner, authority be delegated to the Director of Economy & Place to agree its disposal to the reserve bidder in their place.
Reason: To achieve the best financial consideration for the disposal of this surplus asset and enable development on a currently vacant property.