Agenda and minutes

To receive any apologies for non-attendance and details of Member substitutions.

Apologies were received from the independent member of the Sub-Committee, Mark Bunney.

To confirm as a correct record the minutes of the meeting held on 10 August 2026.

The minutes of the meeting held on 10 August 2026 were agreed as a correct record.

To receive any disclosures of interest from members in accordance with the Members’ Code of Conduct.

Councillor Williams advised he was employed part-time at a unit in the Elmsleigh Centre.

The Chair, or his nominee, to answer any questions raised by members of the public in accordance with Standing Order 40.

At the time of publication of this agenda no questions were received.

There were none.

To consider any urgent actions that have arisen since last meeting.

There were none.

To note the Forward Plan for future Commercial Assets Sub-Committee business.

The Sub-Committee received the forward plan for future sub-committee business.

The Sub-Committee resolved to note the forward plan.

To move the exclusion of the Press/Public for the following items, in view of the likely disclosure of exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985 and by the Local Government (Access to information) (Variation) Order 2006.

The Chair wished to discuss as much of the remaining items on the agenda in public session, and suggested the public and press be excluded only when necessary during debate.

The Sub-Committee received updates on the progress with asset rationalisation as well as rent collection, arrears and voids within the Commercial Portfolio.

The Sub-Committee resolved to note the updates.

The Committee is asked to consider the report that is going to the Corporate Policy and Resources Committee on 08 September 2026 for them to make a decision on the disposal of Elmbrook House and 17 Station Road, Sunbury.

This item was discussed before Item 8, “Commercial Portfolio Update.”

The Chair read a statement from the Sub-Committee’s Independent Member which endorsed the officer recommendation.

The Sub-Committee noted the offers received and explored the reasons the preferred bidder was recommended. The sale price was interrogated with reference to site-specific characteristics. The Sub-Committee noted that two buildings were included in the sale, and discussed the options for the development of the site.

It was proposed by Cllr Beatty, seconded by Cllr Nichols and resolved to exclude public and press for part of the discussion of this item and for the remainder of the agenda in accordance with paragraph 3 of part 1 of Schedule 12A of the Local Government 1972 (as amended) because it was likely to disclose information relating to the financial or business affairs of any particular person (including the authority holding that information) and in all circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information because the disclosure to the public would prejudice the financial position of the authority in being able to undertake even handed negotiations and finalising acceptable contract terms.

The Chair advised he would provide a note summarising the committee’s considerations and questions to the Corporate Policy and Resources Committee ahead of their consideration of the report (attached).

The Committee is to receive an update on the Board of Tenancy Management’s related activities within the Investment Portfolio.

This item was discussed under item 8, Commercial Portfolio Update.