Wednesday, 18th July 2012
Govt raise £2.1m from property sale
A total of £2.1 million will be raised from the sale of the empty flats that were recently put up for tender by the Government.
This income comes from the sale of 16 flats, seven of which are in Merlot House, these flats received 22 applications and were put on the market on a fixed price basis so that the selection was made on a pre-published criteria other than price. The total raised will be £914,000
There were 44 applicants for nine flats located in Harbour Views, Sir William Jackson Grove, Portland House and Carltree House. These flats were put on the market on an open tender basis and have been allocated to the highest bidders. A draw will take place between three tenderers who bid the same amount for one particular flat. These properties will raise about £1.2 million once these transactions have been completed.
Commenting on the matter, the Deputy Chief Minister Dr Joseph Garcia said:
“These flats have been lying empty for a considerable amount of time and the Government felt that it was important to put them on the market in order to give prospective purchasers the opportunity to buy their own home.”