A list of Thanet council owned property and land on the isle which could be sold off has been drawn up.
The authority aims to raise cash through the asset sale and also reduce ongoing maintenance costs and reduce the risk of incurring future capital expenditure.
Plots sold from the last disposal list included the former Thanet Canoe Club and the Dane Valley workshops in St Peter’s.
Items on the new list, which will be discussed by council Cabinet members on April 27, are:
Land at Phase 2 – Eurokent Business Park – open land off New Haine Road
Possible development
Phase 1 – Eurokent Business Park – Industrial & Office Development
The majority of the property is sold on long leasehold so there is little income from the development but significant costs are incurred in managing the site.
Land adjacent to 2 Park Place, Margate – unused grassed area at the end of a terrace of houses.
Land at Eastern Entrance to Northdown Park, Margate.
Land at Hengist Road, Minnis Bay, Birchington – open space
Northdown Garages and Store
Palm Bay Coach Park
Quarterdeck, Zion Place, Margate
A list of assets to be transferred to parish councils and community groups will also be discussed.
Properties on the list are:
The Ice House, Ramsgate
Victoria Parade bandstand, Broadstairs
Rossetti Gardens, Birchington
Victoria Parade kiosk, Broadstairs
Shelters: Dumpton Point;Epple Bay;Hengist Road, Birchington; Alfred Road, Birchington; opposite Anna Park, Birchington; opposite Green Road, Birchington; opposite Grenham Passage, Birchington; opposite Palm Court, Westgate; opposite Percy Avenue, Kingsgate; opposite St Mildred’s Road, Westgate; The Parade, Birchington; Putting Green, Birchington; Victoria Gardens, Broadstairs; Victoria Parade, Broadstairs; Queen’s Avenue, Birchington
The sell-off
Last September Cabinet members agreed to the ‘accelerated’ sell-off 22 sites.
The sell-off was aimed at saving £100,000 by this month. Thanet council wants to save £200,000 per annum over the following two years with more disposals.
A report to members in September said: “There is a financial imperative to accelerate disposals. The Medium Term Financial Strategy assumes ongoing cost savings in the maintenance of assets, achieved by rationalising the asset base; and the capital programme requires funding from receipts generated from asset disposals. At present there is a significant gap between receipts and capital programme commitments.”
Thanet council owns 600 properties and has a maintenance budget of £600,000pa.
Thanet council Cabinet members will discuss the new asset disposal list at a meeting next Thursday (April 27).