· Declare the garage sites set out in this report surplus, subject to achieving vacant possession with an agreed and reasonable timeframe.
· Notify any tenant affected on a site by site basis through the SOPM.
· Appoint an agent to offer the sites to the market on an ‘offers above £X’ basis – with X being the lower cost range of their red book valuation, and,
· Authorise the (Strategic & Operational Property Manager) to accept offers for the garage sites where a written opinion of a suitably qualified Registered Valuer is obtained that confirms that the offer represents ‘market value’ such that the requirements of s123 of the Local Government Act 1972 would be satisfied if accepting any offer; rejecting any that cannot be so assured.
· Work with existing tenants to relocate should the opportunity be available.
The Portfolio Holder reserves the right to withdraw any site from the market at any time.