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Home and Noticeboard Town Events Diary
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The Council's Property Portfolio Community Centre upgrade - Plans available for inspection by the public The Town Council is pleased to announce that the CC refurbishment project is progressing well. Woodstock Town Council has been awarded £86,000 towards the refurbishment of its Community Centre.
£50,000 has been promised by WREN (Waste
Recycling Environmental Limited).
WREN is a
not-for-profit business that helps benefit the lives of people who live
close to landfill sites by awarding grants for community, conservation
and heritage projects. The Council's Property Portfolio:
Pictured: 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:-
These properties are managed on behalf of the Town Council by Property Consultants Carter Jonas 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
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Woodstock
Town Council, Town Clerk, Lorraine Watling, Town Hall, Market Square, Woodstock,
Oxfordshire, OX20 1SL |