The urgent report sought Portfolio Holder authority for More Homes Bromley LLP disposal of Cobb House (Hillside) property.
More Homes Bromley was formally established in June 2016 as a Limited Liability Partnership between the Council and Mears Limited to acquire and refurbish up to 400 properties for use as housing for tenants nominated by the Council for a period of 40 years. Cobb House, a property with 10 self-contained converted flats, was acquired as part of this scheme in January 2019. In October 2019, More Homes Bromley became aware of an Enforcement Notice relating to this property and in June 2020, the Planning Inspectorate issued a decision which required More Homes Bromley to cease using six of the ten flats by June 2021 and reinstate the property to four flats by December 2021. In complying with the Enforcement Notice, More Homes Bromley moved tenants from the property, decommissioned six units and reinstated the Property to four units, resulting in ongoing rent loss. Three options were considered for the future of this property and it was proposed to proceed with the sale of the site for which an offer had been made.
RESOLVED: That the Portfolio Holder be recommended to:
· Agree that More Homes LLP Board dispose of the property Cobb House (known as Hillside); and,