Decision - 8-9 Kings Road Brighton
As published
the council's own words, uneditedProposal to dispose of the freehold interest of a commercial property.
RESOLVED: (i) That the Committee agreed to the disposal of the freehold of this property and that delegated powers be given the Executive Director Economy, Environment and Culture and the Assistant Director Legal and Democratic Services to approve terms and take any necessary steps to facilitate this recommendation; (ii) That the net capital receipt be invested in the existing commercial portfolio to reduce inherent risk and secure revenue streams by funding landlords repair liability and reducing obsolescence, subject to a future report to Policy & Resources Committee, via Asset Management Board, that considers the use of the capital receipt being directed towards investment in social housing/homeless support services, in line with the original intended use of the asset.
Parsed from the document
gpt-5.6-luna-2026-07-09 · 971/500 tokens · 4067ms · parsed 9 Sep 2026 11:53The Labour Group proposed amendments concerning the disposal of the freehold of 8-9 Kings Road, Brighton. The amendment would direct the net capital receipt into the existing commercial portfolio while requiring a future report to consider investment in social housing and homeless support services.
Stakeholders named
parsedNext steps
parsed- The committee is to consider the proposed amendment.
- If agreed, delegated powers would be given to the Executive Director Economy, Environment and Culture and the Assistant Director Legal and Democratic Services to approve terms and take necessary steps to facilitate the disposal.
- A future report is to be submitted to the Policy & Resources Committee via the Asset Management Board on whether the capital receipt should be directed towards social housing and homeless support services.