Planning Applications Update Holyrood Ward May 2021
Tim Pickstone
Liberal Democrat Councillor for Holyrood Ward, Bury MBC Learn more
New on my blog: Planning Applications Update Holyrood Ward May 2021 https://t.co/atUdLJOlgh #libdems #bury… https://t.co/TsBxFU9j17
The Conservatives are failing to protect nature
Planning Applications Update Holyrood Ward May 2021
New on my blog: Planning Applications Update Holyrood Ward May 2021 https://t.co/atUdLJOlgh #libdems #bury… https://t.co/TsBxFU9j17
The Conservatives are failing to protect nature
Answers to Questions: Council Assets outside of Bury
by prestwichfocus on 5 October, 2017
There has been a small amount of press coverage over the last year or so about Bury Council buying property outside of the Bury MBC area. At the last meeting of Bury’s Full Council the Liberal Democrat Group of Councillors tabled a formal written question on this issue.
The answer shows that since 2015 Bury Council has bought the following properties outside of Bury:
Prezzo Restaurant, Lytham St Ann’s
Purchase price: £1,010,000
Current annual revenue generated: £60,000
Capita Regional Office Headquarters, Huddersfield
Purchase Price: £2,300,000
Current annual revenue generated: £150,000
Bakerie Restaurant and My Dentist Surgery and Regional Training Centre, Northern Quarter Manchester
Purchase Price: £2,560,000
Current annual revenue generated: £163,500
Prezzo in Lytham St. Annes, a building owned by Bury Council….
The Council’s logic behind commercial purchases is that the return is higher than normal bank interest – typically around 0.25 to 0.50 percent at present.
Our concern is that this investment is nearly £6 million of Bury Council money invested OUTSIDE of Bury. Surely there are areas of Bury that could be invested in, including kickstarting new developments, that would still provide a good level of return for the Council AND improve our local area.
What are your views on this issue?
5 Comments
I still have sore knees and a bruise on my arm from a fall on 3 May, when I caught my foot in a raised paving stone. I did not sue the Council but I would be interested to know how much the Council has paid out for people tripping on the pavements/roads of Bury in the last, say, three years and how much could be saved if monies were invested in roads and pavements?
It is disgraceful the council spend our money on commercial property outside the area. what are they thinking about.
Stop this madness now.
The money should be spent to lessen cuts.to services in Bury.
Use some of it to implement road repairs.
I live in St Anne’s and several months ago this restaurant closed down so bury council are now not making any money on rent !! It is now not maintained and looks run down and dirty and is in the middle of our small shopping centre.
Bury council please do something about it as a former Bury resident I know you wouldn’t want an empty dirty building in the middle of your town . Maybe you shouldn’t have bought it and spend the money on fixing the pot holes.
[…] New Homes to be built in Radcliffe This item was restricted from the public because of commercial information so I can’t talk about any details, but the basics are have been made public by the Council.Essentially this is the Council building Eight two-bed homes on two current unused ‘garage sites’ in Radcliffe which are owned by the Council. The properties would be for shared ownership, where a resident buys a share of the property and pays rent on the proportion they don’t own. They can then buy further shares in the property in the future. Our view is that Council’s should play a significant role in making sure that there are homes that people can actually afford to live in. If anything, Bury has been very slow to do this, and 8 new houses is not going to solve very much on its own. We would urge the Council to be more ambitious. Perhaps a better use of its money than buying commercial property outside of Bury….. […]