Decision details

Simultaneous sale of Council’s freehold interest and 50% retained shared equity interest in 39 Ripplesmere

Decision Maker: Executive Director: Place

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

The Council owns the freehold and a 50% equity share in the property with the lessees having a 50% equity share by virtue of a shared ownership lease for 125 years from 4/03/2014.

The shared ownership lease gives the lessees the legal right to fully staircase and they wish to exercise this right.

Reasons for the decision:

The shared ownership lease gives the lessees the legal right to fully staircase.

Alternative options considered:

N/A – see reason for decision above

Wards Affected: Harmans Water & Crown Wood;

Other reasons / organisations consulted

None

Contact: Sarah Varley Email: sarah.varley@bracknell-forest.gov.uk.

Publication date: 26/09/2024

Date of decision: 26/09/2024