Ceredigion County Council will sell off land and disused buildings in Adpar that have been the subject of vandalism in a bid to boost the authority’s coffers by as much as £700,000
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00:00 So the rationale of the recommendation to dispose of the assets on the open market as
00:05 a complete package of lots, whilst there would be an opportunity for the council to undertake
00:09 some of the infrastructure site development, the financial gains would be, in our opinion,
00:15 marginal and the resource of a team are going to be focused on their strategic assets across
00:21 the county, as I mentioned earlier.
00:23 In the meantime, the asset is likely to cost the council an increasing amount of revenue
00:27 and expenditure in maintaining and repairing.
00:31 So the estimated value is between 525 and 700,000.
00:36 So the proposal is that the assets sold on the open market and as was highlighted in
00:42 the development group, ensure that all efforts are made to broaden the visibility of the
00:46 sale process to maximise the value achieved.
00:50 So I'll stop there at that point.
00:51 Thank you.