Decision details

To accept an offer received on 54 York Place, Harrogate, following a full marketing campaign by Align Property Partners.

To approve the disposal of 54 York Place, Harrogate, HG1 5RH on the terms set out in the confidential appendix.

The recommendations support the Council’s duty to manage its asset base effectively and achieve value for money by ensuring property is retained only where it supports service delivery or wider Council priorities. Where no ongoing requirement is identified, disposal on the open market is the most appropriate means of achieving best consideration, reducing ongoing liabilities and generating a capital receipt that can be applied in line with the Council’s capital strategy

Retention of the property was rejected as the asset is no longer required for service delivery and continuing to hold it would incur ongoing running and maintenance costs.

Letting the premises was considered but discounted, as disposal produces a greater financial benefit and avoids future liabilities.