This website uses cookies to give you a better experience. For more information on why we use cookies, please read our cookie policy
Accept cookies
Skip to main content
Hastings Online logo
A-Z
Home | Help | Privacy | Log in to My Hastings | Jobs Email alerts Hastings council Instagram Hastings council twitter feed Hastings council facebook page
  • My council
  • Freedom of Information
  • Requests and responses by category
  • FOI request (FOI219319)

    LGC research into property portfolios

    Requested Mon 11 September 2017
    Responded  Mon 11 September 2017

    LGC is conducting some research into the growing trend for local authorities to invest in property on a commercial basis. Recent reports on this issue have focused on the potential risks to council finances; the intention of LGC's research is for the results to form the basis for a balanced discussion of the risks and opportunities and how councils are managing those.

    What is the value of property owned by the council that generates an income (excluding council housing)?

    How much in monetary value, if any, of this portfolio relates to residential property? 

    What is the value of this portfolio has been purchased since 2010 specifically to generate an income?

    What is the estimated return on investment from the portfolio over the next five years? Eg. % rental yield  

    Please provide the type and value of a) the largest property and b) the smallest property.

    What is the value, if any, of property owned outside the local authority area?


    Response

    Please accept my apologies for the delay in responding.

    Q1 - £68,914K

    Q2 - None

    Q3 - £7,297K

    Q4 - 9.36%

    Q5 - Smallest £0K and Largest £7,297K

    Q6 - Zero

  • Freedom of Information

    Contact

    Got a question about freedom of information? 

    Contact us


    Content

    The content on this page is the responsibility of our Council's Information Officer.

    Can't find what you're looking for? Try our A - Z

    Spotted an issue with this page? Tell us

A-Z of services

  • Services beginning with A
  • Services beginning with B
  • Services beginning with C
  • Services beginning with D
  • Services beginning with E
  • Services beginning with F
  • Services beginning with G
  • Services beginning with H
  • Services beginning with J
  • Services beginning with L
  • Services beginning with M
  • Services beginning with N
  • Services beginning with P
  • Services beginning with R
  • Services beginning with S
  • Services beginning with T
  • Services beginning with U
  • Services beginning with V
  • Services beginning with W
  • Hastings Museum and Art Gallery website
  • Visit 1066 Country website
  • Email alerts Hastings council Instagram Hastings council twitter feed Hastings council facebook page
  • Accessibility statement
  • Contact us
© 2003 - 2023 Hastings Borough Council.
Unless otherwise stated these pages are copyright protected.
All rights reserved.