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.
Sunday, June 28, 2015
Saturday, June 27, 2015
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.
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.
Tuesday, June 30, 2015
Wednesday, July 1, 2015
IWCP v4.0 © Isle of Wight County Press 2011. All Rights Reserved. Web Design By Matrix Create.
Contact Us | Disclaimer
| Cookies | Links | Sitemap
Isle of Wight County Press Ltd. Registered office: Brannon House, 123 Pyle Street,
Newport, Isle of Wight PO30 1ST. Registered in England. Registered number: 1342243.