URL: https://democracy.guildford.gov.uk/ieDecisionDetails.aspx?ID=4614

Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: Freehold sale of the estate road (Dennis Way) to Aviva.

Content: Freehold sale of the estate road (Dennis Way) to Aviva. Decision: Approve the freehold disposal of Dennis Way, Slyfield Industrial Estate, Guildford GU1 1AF based on a sale price of £100,000. Reason(s): To generate a capital receipt that will contribute towards the target to secure £50 million (net) of capital receipts by end of March 2027 from the sale of General Fund property assets, as set out in the Council’s Financial Recovery Plan, with the aim of reducing Council debt and achieving a sustainable financial position. Other options considered and rejected by the Executive: To retain the property within the Council’s ownership and continue to take responsibility for the maintenance and repair of Dennis Way. This option would fail to generate a capital receipt required to support the Financial Recovery Plan and the Council’s financial position may be at risk of failure to recover. This option may also result in the Council incurring future revenue or capital expenditure to manage the property in the future, including responsibility for maintenance and repair and 42.98% of the cost. Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted: None.  

Date of Decision: August 14, 2025