Decision details

No use of the asset for the delivery of County Council services has been identified. This disposal approach is expected to maximise the capital receipt received, which will support the County Council’s Medium Term Financial Strategy.

To dispose of 11.76 acres of land or thereabouts situated at Bloods Hill, Kirby Muxloe which has been declared surplus to requirements to an adjoining landowner/developer.

1. To offer the site to the open market for sale. However, on the basis of two independent valuations it was considered that the receipt accruing to the Council arising from the decision to sell to an adjoining landowner will be greater than the market value of the site if valued in isolation.
2. To develop a planning application for the site as an independent development. This would have involved significant risk as the land lies within a green wedge and the LPA’s view is that any future development of the area would need to be comprehensive.