Approval to dispose of additional surplus real estate assets 2017/18

Reference code: 
PCD 255
Date signed: 
20 September 2017
Authorisation name: 
Sophie Linden, Deputy Mayor, Policing and Crime

Executive summary

This paper seeks approval for the disposal of and marketing for sale of a number of surplus residential sites in order to generate capital receipts to support the future capital investment programme and reduce running costs.

Recommendation

The Deputy Mayor for Policing and Crime is asked to;
1.    Approve the proposal to market for sale two residential properties;
2.    Note that 11 individual residential properties each with a market value of less than £1 million are to be sold by the MPS in line with the delegations contained within the MOPAC Scheme of Consent and Delegation;
 

Non-confidential facts and advice to the Deputy Mayor for Policing and Crime (DMPC)

1.    Introduction and background

1.1.    In accordance with MOPAC Scheme of Delegation and Consent any sales with a value under £1 million may be completed by way of delegated powers and reported retrospectively via the appropriate Estates Update Paper at the earliest opportunity.  Should a disposal with a value below £1 million have any unusual features or be of special interest, then MOPAC will have the opportunity to approve the final sale.

1.2.    The 2017/18 Capital Programme assumes capital receipt funding of £274m.  

2.    Issues for consideration

2.1.    The two residential sites, 29 and 30 Canonbury Park North, with a value in excess of £1m are vacant and surplus to requirements. These will be marketed and sold. 

2.2.    In addition, there are a further 11 sites each with a value below £1m which are surplus. These will be disposed of via public auction. 

3.    Financial Comments

3.1.    The sites noted above are expected to generate capital receipts estimated at £6.9m which will contribute to the 2017/18 target of £274m to help fund the capital programme. 

3.2.    The aggregated revenue costs in a full year of the maintenance and rates for the properties to be sold is £14k.

4.    Legal Comments

4.1.    There are no direct legal implications arising from the recommendations contained within this report, which seeks approval for the sale of surplus properties and the early surrender of  leases detailed above and in Part 2.

4.2.    MOPAC has the power to dispose of surplus properties (including land) under paragraph 7 (2) (b) of Schedule 3 of the Police Reform and Social Responsibility Act 2011 (“the Act”).

4.3.    The Commissioner may also do anything which is calculated to facilitate, or is conducive or incidental to acquiring and disposing of property (apart from land) but only with the consent of MOPAC under paragraph 4 (2) (b) of Schedule 4 of the Act.

4.4.    The report confirms that the disposals will generate capital receipts that will assist MOPAC in securing the maintenance of the MPS and ensure that it is efficient and effective.

  Equality Comments

4.5.    There are considered to be limited equality or diversity issues arising as a result of these proposed disposals.

4.6.    For buildings which previously had front counters the local community, stakeholders and GLA link member have been engaged and consulted, as appropriate.  

5.    Background/supporting papers

Annex 1 – MPS Report