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The Council's Property Portfolio
The Council owned Post Office and Park Street Properties, the Market Street Shops, and the Community Centre The town derives substantial benefit from the rental income for the properties it owns. It is almost unique for a town of its size in having a property portfolio of this significance. The properties owned by the Council are:-
The capital value of these assets are estimated to be in the region of £5.3 million pounds. The town council has a duty to ensure good value to the ratepayers in the town but, within these clear audit responsibilities, it seeks to encourage a diversity of retail services from its commercial properties. The net financial benefit varies from year to year depending on maintenance and improvement costs, but is typically in the order of £50,000. Some of this income is held in capital reserves for future maintenance. Our Town Hall is licensed for weddings and other registrations and the net income from these sources in the last full financial year was over£6000. Weddings are a popular enterprise for the Town Council and generate business and publicity for the town. Our income from other Town Hall and Community Centre bookings is in excess of £27,000 The Woodstock Community Centre
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Woodstock
Town Council, Town Clerk, Lorraine Watling, Town Hall, Market Square, Woodstock,
Oxfordshire, OX20 1SL |