Council to sell two assets in Wisbech

Council to sell two assets in Wisbech

Published by KLFM
11:25am 4th February 2020.

A flat and a  plot of land in Wisbech are to go to auction, which the council feel are no longer required.

The property in Nene Quay and land in Rowan Close, which has outline planning permission for a house, will be sold to save Fenland District Council money  in maintaining them, whilst generating extra capital for the authority.



They're among four lots the council's putting under the hammer later this month (February 20).

Cllr Chris Boden, Fenland District Council Leader and Portfolio Holder for Finance, said: 

"Over recent months the Council has identified a number of property assets which are surplus to the Council's requirements. They are no longer required to deliver the Council's core services and, in many instances, could be much better utilised.

 "Releasing these assets for sale will reduce the Council's liabilities, saving money being spent keeping them maintained, secure and insured. It will also generate additional capital to support our aspirations for Fenland, mitigate our budget constraints and provide opportunities for development."

Cllr Ian Benney, the Council's Portfolio Holder responsible for strategic assets and management, added:

"Taking a more innovative approach to the management of Council assets will help us to continue doing more, despite significant cuts to the funding we receive from government. Generating income in other ways enables the Council to carry on meeting its financial challenges, while protecting the services residents rely on.

"The Council's Asset Management Plan has been followed and consideration has been given to the most appropriate way of marketing and disposing of these assets. Due to their lower value, sale by auction is seen as the most cost effective method of disposal and the best opportunity to realise a capital receipt before the end of the financial year."