5 October 2010
Capita Symonds’ Cumbria partnership has played a key role
in helping Cumbria County Council raise £1,013,500 from a property
The team provided a range of property advice to the Council
regarding the auction which included the sale of Carlisle’s Citadel
Chambers, the former county council offices which have housed the
city centre’s police presence since the 2005 floods.
Eight of the county council’s nine lots were sold at the auction
which was held at Old Trafford in Greater Manchester:
- Citadel Chambers, Carlisle - £400,000
- The Topps, Alston - £102,000
- 75 Lowther Street, Whitehaven - £50,000
- Horn Hill, property adjacent to cricket ground, St Georges
Road, Millom - £139,000
- Former Harrington Infants School, Workington (Lot B) -
- Former Harrington Infants School, Workington (Lot C) -
- Former Highways Depot, Wigton - £235,000
- Telecommunications mast, Wigton - £50,500
Only Lot A of the former Harrington Infants School in Workington
was left unsold.
Capita Symonds’ role included:
- Identification of properties for disposal having regard to its
- Disposal Strategy including advice on the best mode of sale and
Identification of partner/joint agent to assist the delivery of
- Market Appraisals;
- Advertising Strategy;
- Significant input/advice on sale contracts (including special
conditions) and due diligence;
- General management of legal and third party contractors.
Cllr Stewart Young, Deputy Leader of the county council and
Cabinet member for Resources, said: "I am delighted that we have
raised over a million pounds through the sale of these properties.
As well as the immediate benefit of this money being returned to
the council's resources, we will also be saving money in the long
run as we will no longer have to spend on maintaining buildings
that are surplus to requirements. The sales make sense for
Cumbrian taxpayers and an important step in our ongoing review of
council-owned properties around the county."