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Property Acquisitions and Disposals Policy

Summary

There are a number of reasons that GYBC may wish to acquire properties. These include but are not limited to:

  • it contributes towards the provision of Council services
  • there is a direct link to improving the economic, social and environmental wellbeing of the community
  • it leads to strategic benefits to the authority in relation to regeneration or redevelopment proposals
  • the acquisition furthers the provision of services for the community by third parties
  • the property is already maintained by the Council (and there is an advantage in owning it)
  • revenue income generation and/or capital growth, and local community benefit purposes

This policy has been written to allow for the variety of circumstances which may lead to GYBC acquiring properties. It does not cover the buy back of property previously subject to the Right to Buy.

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