Disposal of Land at Edginswell Business Park, Orchard Way, Torquay
31/03/2026 - Disposal of Land at Edginswell Business Park, Orchard Way, Torquay
1. In accordance with Standing Order D11, that in light of the Trust seeking completion of the freehold disposal by 31 March 2026, enabling them to manage the cash flow of available funds, the Cabinet’s decision (set out below) is determined to be urgent. Therefore, Cabinet determines that Call-in shall be waived as any delay likely to be caused by the call-in process would prejudice the public’s and the Council’s interest. The Overview and Scrutiny Co-ordinator was consulted on 25 March 2026;
2. That the Director of Finance in consultation with the Cabinet Member for Housing and Finance be authorised to dispose of the Council’s freehold interest in land at Edginswell Business Park, Orchard Way, Torquay, to Torbay and South Devon NHS Trust for Market Value on unconditional terms; and
3. The Director of Finance be authorised to agree and finalise the detailed transfer terms based on estates and legal advice.
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