Fenland District Council is set to sell off surplus land and property assets to raise cash
Fenland District Council is hoping to raise more than £450,000 in capital funding by preparing to sell a set of council-owned land and property assets at auction.
Former amenity sites and small plots of land suitable for future residential development are among the 15 surplus assets, which are no longer required for the council’s service delivery.
Selling the sites will not only secure additional capital for the council, but it will save money being spent keeping them maintained and secure, and provide land for potential new homes.
“Put simply, it is much better to ease the burden on taxpayers rather than maintain odd bits of land and property that the Council does not use,” said council leader and portfolio holder for finance, Councillor Chris Boden. “It’s common sense.”
The council’s cabinet recently agreed to sell the sites at auction in two phases. The first phase is likely to go under the hammer in autumn this year, followed by the remaining assets in the winter to allow preparatory works to take place.
The first set of assets to go to auction will be:
Plot of land in Tithe Road, Chatteris, suitable in principle for future development of single residential dwelling
Small garage site in Gaul Road, March
Former garage site in Smiths Chase, March, suitable for garage/parking/amenity use
Garage in New Road, Chatteris
Former sewage treatment works in Front Row, Murrow, suitable for garage/parking/amenity use
First floor property in Nene Quay, Wisbech
Coun Boden added: “The council faces stark choices when it comes to protecting the services our residents rely on and managing large cuts to the funding we receive from government. We have already saved millions of pounds in efficiencies over recent years, so we must look at more innovative and commercial approaches in order to keep meeting this challenge.
“These surplus assets are no longer required to deliver the council’s core services and functions and, in many instances, could be much better utilised. It will also generate much welcomed additional income to support our aspirations for residents, mitigate our budget constraints and fund our future capital programme. I’m confident selling by auction will achieve the maximum value possible for the district and our taxpayers.”
Coun Ian Benney, portfolio holder responsible for strategic assets and management, added: “Over recent months the Council has been proactive in identifying various property assets which are surplus to the Council’s requirements.
“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.”
Further details will be released when the auction catalogue is published.