Cumbria partnership supports £1m Council property sale

5 October 2010

Capita Symonds’ Cumbria partnership has played a key role in helping Cumbria County Council raise £1,013,500 from a property auction.

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) - £30,000
  • Former Harrington Infants School, Workington (Lot C) - £7,000
  • 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 financial targets;
  • Disposal Strategy including advice on the best mode of sale and timing;
    Identification of partner/joint agent to assist the delivery of sales;
  • 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."