Southampton and Hampshire councils put property assets up for sale

Summarised from 2 outlets · 3 reports · Updated 19 Oct, 13:02 · Archive

Southampton City Council and Hampshire County Council have marketed several sites for sale to raise funds and manage financial pressures.

Southampton City Council has put the former Glen Lee care home in Bitterne and St Denys Car Park up for sale following the passing of offer deadlines. The council confirmed a 'good level of interest' on both sites but declined to disclose whether formal offers were received, their value, or if specific buyers have been identified, citing commercial sensitivities. Sarah Bogle, leader of Southampton City Council, said the sites have been marketed 'subject to planning' and that the disposal process is 'very detailed and lengthy' to ensure best value for residents.

Hampshire County Council is separately selling its freehold interests in VOCO Fareham-Solent hotel and Nursling Lorry Park with guide prices suggesting potential proceeds of £2 million and £3.15 million respectively. The sites generate £220,000 in combined annual rental income for the authority. A council spokesperson said both properties have been identified as surplus to requirements as part of an ongoing review of the council's property estate to help manage significant financial pressures.

The hotel site near Junction 9 of the M27 is leased to HIN Fareham Ltd and has generated average annual rental income of £112,338 over three years, with the lease running until December 2113. Nursling Lorry Park, off Test Lane, is leased to Maritime Transport Ltd and produces £110,000 annual rental income.

How it is being reported

• Hampshire County Council puts Voco Fareham-Solent hotel and Nursling lorry park up for saleThe assets make just over £220,000 a year but selling them could lead to £5mThe News, Portsmouth · 19 Oct, 12:43
• Hampshire council puts hotel and lorry park up for saleHampshire County Council is selling its freehold interests in a hotel and lorry park with guide prices indicating the authority could be set for a £5.15 million windfallSouthern Daily Echo · 19 Oct, 10:42
• Update on car park and former care home sell off as bid deadline passesTwo council-owned sites in Southampton have attracted a “good level of interest” after being put up for sale.Southern Daily Echo · 19 Oct, 10:04

In this story: Southampton City Council · Hampshire County Council · Glen Lee · St Denys Car Park · VOCO Fareham-Solent · Nursling Lorry Park · Sarah Bogle

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