City council sells former Southampton children's home

3:40pm Monday 19th November 2012 in News

SOLD: The former children's home at Shirley. SOLD: The former children's home at Shirley.

A FORMER children’s home owned by cash-strapped Southampton City Council, has been sold post auction to raise hundreds of thousands of pounds.

The property at 52-54 Seagarth Lane, Shirley, was sold for an undisclosed sum through regional land and property auctioneers Clive Emson. It had a guide price of £320,000. It was a children’s home before being used as offices by charities and the council.

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Comments(5)

sarfhamton says...
4:10pm Mon 19 Nov 12

That will make a dent in the £20m funding gap then.

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Just another reader says...
4:28pm Mon 19 Nov 12

Well yes it will, it's a start. What do you want them to sell?

The mayors TR1 registration plate is on the market which I find disgusting, as it cost the council nothing.

On the other hand there are millions of pounds worth of art locked away in the vaults for what reason? Get it sold, it costs the tax payer to have it stored and in increased insurance premiums.

The council owns land and property throughout the town too, several plots being empty or derelict. The New York New York site, and Monks Brook playing fields for a start.

The sale of this property in Shirley is a start, let's hope they keep the ball rolling.

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bigfella777 says...
5:30pm Mon 19 Nov 12

Why was it sold post auction? Look at the size of the place,definitely worth more than that. I wonder if somebodys friend bought it if you know what I mean.

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Lone Ranger. says...
5:52pm Mon 19 Nov 12

bigfella777 wrote:
Why was it sold post auction? Look at the size of the place,definitely worth more than that. I wonder if somebodys friend bought it if you know what I mean.
Worth more that what.???
.
How do you know what the buyer paid if the price was UNDISCLOSED.
.
When you sell anything at auction it is a gamble ..... so rather than take the gamble perhaps on this ocassion the sensible thing was to take a non gamble offer.

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TurquoiseJ says...
6:07pm Mon 19 Nov 12

Post auction means after the auction. That means that it either did not meet the reserve price, or no one bid on it.

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