§ Mr. Malcolm BruceTo ask the Minister of Agriculture, Fisheries and Food if he will list the items sold by his Department, its agencies and associated public bodies from those listed in the National Assets Register of November 1997; if he will give in each case the amount of money realised; if he will estimate the total cash raised from such sales to date; and if he will make a statement. [70414]
577W
§ Mr. Morley[holding answer 11 February 1999]: In the time available, it is possible to provide only information relating to disposals of land and buildings. These are listed in the table.
£ Property Sale price Government Buildings, Crosby Road, North Yorks 11 Government Buildings, Alphington Road, Exeter Devon 5,916,008 Tangley Place, Worplesdon, Guildford, Surrey 863,000 Litley Court, Hampton Park Road, Hereford 527,000 130 Hyndford Road, Lanark, Scotland 225,000 Pocklington Industrial Estate, Pocklington, East Yorks 325,000 357 Station Road, South Leigh, Oxon 67,000 1 The buildings at Crosby Road which were erected at Government expense in the 1950s, were in need of replacement. Various options were considered including a new build by Government, a Private Finance Initiative arrangement, and a private developer scheme. A variation of the last of these options involving the sale of the site to the developer and a lease back after modern replacement buildings had been erected, offered best value for money for the Exchequer. The total income received from the disposals listed above is £7,923,009.
We aim to dispose of a further 20 properties over the next two years or so.