New youth club deal

By Ross Findon

Tuesday, June 3, 2014

 

A NEW deal for a former youth centre looks set to net the Isle of Wight Council close to an extra £20,000.

Shorwell Youth Centre was due to be sold for £180,000, following a deal agreed last November, but the purchaser withdrew.

The property was put back on the market and the council has now had an offer for £199,950.

An overage clause, which could entitle the council to additional cash if the property value increased has however been reduced from 50 per cent to 20 per cent.

Officers have recommended the council proceeds with the deal, which is due to go before the property disposal sub committee next Tuesday.

Reporter: ross.findon@iwcp.co.uk

More News

1 - 2 - 3 - 4

Comments

Log-in or register to comment on this story. See our House Rules here.

By ticking "Remember me" you agree to a cookie being stored on your computer - no personal data is shared.

Forgotten your password?

Any views or opinions presented in the comments above are solely those of the author and do not represent those of the Isle of Wight County Press.

Most Read

  1. Solent tunnel plans revealed

    Tuesday, November 25, 2014

  2. Police investigate headbutt attack

    Tuesday, November 25, 2014

  3. Britain's Got Talent comes to the Isle of Wight

    Tuesday, November 25, 2014

  4. Headteacher praised by Ofsted to leave

    Wednesday, November 26, 2014

  5. Rebels deny turning Tory

    Tuesday, November 25, 2014

View our Elgin Traffic & Travel Map
Travel News Sponsor