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Apartment N° 10, Block F, Les Quennevais Park: Cancellation of Existing 99-Year Lease and Transfer of the Public’s Flying-Freehold Ownership

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A decision made on 28 April 2022

Decision Reference:  MD-INF-2022-312

Public

Subject: Apartment N° 10, Block F, Les Quennevais Park – Cancellation of Existing 99-Year Lease and Transfer of the Public’s Flying-Freehold Ownership

 

Report Title: Apartment N° 10, Block F, Les Quennevais Park, – Cancellation of Existing 99-Year Lease and Transfer of the Public’s Flying-Freehold Ownership. PBA 2068-01-010.

Exempt (Article 33(b))

Decision(s):

The Minister for Infrastructure decided to cancel the 99-year lease on Apartment No. 10, Block F, Les Quennevais Park, St. Brelade, as held by the tenant and to transfer to the tenant the flying-freehold ownership of the Apartment for a consideration of £33,000 plus reasonable costs.  The Minister authorised the Attorney General and the Greffier of the States to pass any contract which was required to be passed on behalf of the Public (under Standing Order 168 (5)) and requested the Director of Jersey Property Holdings to conclude any contract which was required to be concluded on behalf of the Public.

Reason for Decision(s):

Apartment No. 10, Block F, Les Quennevais Park, was leased to the tenants in 1965 for a period of 99 years, ending on 25th December 2064.  In 2013, the Public transferred Block F to flying-freehold ownership, but the tenants decided not to avail themselves of the opportunity to acquire the flying-freehold co-ownership interest in the Apartment at that time. One of the tenants passed away in 2020 and the surviving tenant has now decided to sell the Apartment, so has applied to cancel the leasehold interest and to purchase the Public's flying-freehold interest for immediate onward sale to a buyer. A value of £33,000 has been placed on the sale of the Public's flying-freehold interest.

Resource Implications: There are no new financial and/or manpower implications

 

Action Required: 1. In accordance with Standing Order 168 (3) this decision must be presented to the States at least 15 working days before the contract is passed before Court or concluded. After the expiry of 15 working days following presentation to the States the transaction may be concluded.   2. The Minister hereby authorised, as applicable:  a. under Standing Order 168 (5) the Attorney General and the Greffier to pass any contract which is required to be passed on behalf of the Public  b. the Director of Jersey Property Holdings to conclude any contract which is required to be concluded on behalf of the Public.

Signature:

 

Signed By: Minister for Infrastructure

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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