§ Mr. Ormeasked the Secretary of State for Social Services what is his estimate of the current site value of St. George's hospital, London SW1.
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§ Dr. VaughanI would refer the right hon. Gentleman to the reply my hon. Friend gave to the hon. Member for Holborn and St. Pancras, South (Mr. Dobson) on 10 June. Until the planning situation has been determined no realistic estimate of site value can be formulated.—[Vol. 986, c.151.]
§ Mr. Moyleasked the Secretary of State for Social Services (1) whether the covenant which requires a portion of the site of St. George's hospital, SW1, to be offered on first refusal to Grosvenor Estates upon the building ceasing to be a hospital contains a formula for the calculation of the price of that portion; and if so, what is that formula;
(2) whether Grosvenor Estates has made an offer for that portion of the site of St. George's hospital, London SW1, which must be offered to Grosvenor Estates by covenant upon the building ceasing to be a hospital; and, if so, what is that offer.
§ Dr. VaughanThe covenant requires the owners of the hospital to give the Grosvenor Estates the opportunity to repurchase the relevant portion of the site of St. George's hospital, Hyde Park Corner, for the sum of £23,700. No formal notice has yet been given to the estates asking whether it wishes to take up the offer.