Decision details

8.1

The Executive Director, Place submitted a report seeking authority to sell Sheffield Council’s land interests in property in the vicinity of Hoyle Street and Doncaster Street to Scotfield, enabling the Council to achieve a capital receipt, bringing forward the development of housing and achieving the redevelopment of a prominent but underused site.

8.2

RESOLVED: That the Chief Property Officer be authorised to negotiate final sale terms and a conditional contract for the sale of the land at Hoyle Street, identified edged red on the plan attached to the report and to instruct Legal to draft conditional contracts for a sale.  

8.3

Reasons for Decision

8.3.1

As stated in the report, the Head of Property Services is minded to approve the disposal of this land and recommends the sale of these council assets via private treaty sale to Scotfield.

8.4

Alternatives Considered and Rejected

8.4.1

Do nothing. The site has been vacant for many years and one option would be to leave the site undeveloped and not take advantage of the opportunity which has presented itself. This option would however run counter to the Councils ambitions to achieve housing and to achieve best value for its assets.

8.4.2

Market the site at some later date jointly with Argent Steel or try and sell the Councils land assets separately from the private landowner.  The former option would simply delay arriving at the current position and risk the private landowner selling in isolation, the second option of developing the Councils land piecemeal may not be possible due to Planning constraints and Argent steel resisting any proposals that would alter their access arrangements i.e. through council land.

8.5

Any Interest Declared or Dispensation Granted

None

8.6

Reason for Exemption if Public/Press Excluded During Consideration

None

8.7

Respective Director Responsible for Implementation

Laraine Manley, Executive Director, Place

8.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Economic and Environmental Wellbeing