Subject Land at Enterprise Way, Bretton, Peterborough
January 31st, 2019
Decision
To seek approval to the disposal of the freehold interest.
Decision Summary
At the Cambridgeshire Police and Crime Commissioner’s Estates Sub Group meeting on the 24th January 2019 the group discussed and agreed to the proposal to dispose of the freehold interest of land at Enterprise Way, Bretton. The site comprises 3.24 acres of land located 2km to the north west of Peterborough city centre. The site was originally marketed July 2011 with very little interest.
An offer for the freehold purchase of the site has been made and accepted which will realise a similar figure to the purchase price. This is an opportunity to generate significant receipt from an unconditional offer with ah 6 -8 week contract exchange.
Approval was given to the disposal of the Freehold interest for a minimum price of £850,000 with all other agreed terms to be signed off by the s151 Officer and Police and Crime Commissioner
