They have purchased more than £86m of land and property since 2015, according to land registry data.
Folkestone & Hythe District Council have purchased land and property either freehold or leasehold, all across the district. This includes property purchased by Oportunitas Ltd, whose sole shareholder is the Council. We have not included the date the RVH and No 1A Radnor Park Rd were acquired as the properties do not currently show up on the land registry. We do know the Council has loaned Oportunitas £6,450m; which is the price of the contract, so have included this as well.
Where there is a zero in the price paid column, this denotes this was part of a purchase. For example, the Racecourse properties, Killymoon, Rose Cottage and the White House show as zero as they were part of the overall purchase.
The £86m is not the total price paid, as it does not take into account the additional fees, eg surveyors fees, stamp duty, legal fees, et cetera. If that were to be added onto the overall cost of the land and property, the sum paid would be in excess of £92m.
Have Folkestone & Hythe District Council become a property developer/investor, either in its own right, or via one of the number of companies it now owns.
We’ll leave you to ponder that.
If perchance we’ve missed any land or property purchased by the Council, or its wholly owned company Oportunitas Ltd, whether it be freehold or leasehold, please do let us know – shepwayvox@riseup.net
The Shepway Vox Team
Dissent is NOT a Crime
