URL: https://democracy.basingstoke.gov.uk/ieDecisionDetails.aspx?ID=2413

Decision Maker: Director Of Regeneration

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: Disposal of Property Asset at Lister Road

Content: Disposal of Property Asset at Lister Road To approve the disposal of the asset at Lister Road subject to confirmation of best value through a Section 123 valuation. To secure a certain capital receipt in a volatile market, avoid future refurbishment costs and letting risks, and enable redeployment of capital toward strategic priorities such as infrastructure and regeneration projects. Re-letting the property was considered but rejected due to the required capital expenditure, letting risks, and a lower risk-adjusted valuation compared to the sale offer.   An alternative leisure use offer at a lower rent was also considered less attractive than the capital receipt. None

Date of Decision: January 5, 2026