The Council owned Park Street Properties ....................  and Market Street Shops

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 Town Hall, a listed building of major historic significance. Within the Town Hall is a small leased Bridal Wear shop "Red Couture".
• 2 Market Street – The Hardware Shop
• 4 Market Street – The Footwear Shop, "The Woodstock Cobbler"
• 2 Park Street – Woodstock’s Post Office
• 4 Park Street – a private residence
• 6 Park Street – An Interior Design Shop, "Well Spotted"
• 8 Park Street – a private residence
• The Community Centre in New Road, which includes individually commercially rented rooms.
• A garage in Rectory Lane which is leased to a business for storage purposes

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. e.g. Park Street properties may need re-roofing in the next 5 years at a cost of at least £50,000.

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