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Details of proposed sale of property known as Amy’s House on La Route de Ste Catherine St. Martin

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1240/5(1921)

QUESTION TO BE ASKED OF THE PRESIDENT OF THE HOUSING COMMITTEE ON TUESDAY, 22nd JULY 2003 BY THE DEPUTY OF ST. MARTIN

Question

  1. In  the  Committee's proposition  Amy's House, La Route de St.  Catherine,  St.  Martin: proposed  sale (P.68/2003), it is stated that Amy's House wassubsequently advertised again and two offers in the sumof £275,000werereceived. Will thePresident confirm that Amy's House was advertised for sale at £285,000 and, in fact, an offer to purchase the property attheaskingprice was made.
  2. If his answer is in the affirmative, will the President give his reasons why that factwasnotmadeknown in the reportaccompanying P.68/2003 andwhytheofferof £285,000wasnotaccepted?

Answer

  1. Amy's Housewas advertised for saleat £285,000 by Estate Agents, Vibert and Bridle. Including the initial tender process, the propertyhad been advertised for sale from 17th October 2002until29th January 2003. Two offers were receivedfor the propertybothat a figure of £275,000,one subject tosurvey and one not. The matterwas considered by the HousingCommitteeon 14th February 2003.Subjectto States approval, the Committee agreed to proceed with the saleof Amy's House to Mr. and Mrs.J.Bracken for the sumof £275,000, with theoffernotbeing subject to survey.

T h e Housing Department was first advised on Friday 18th July 2003, by Estate Agents, Vibert and Bridle that

indeed, on 24th February 2003, some ten days after the Housing Committee agreed to sell Amy's House for £275,000, the Estate Agents received a letter of interest from a member of the public to purchase the property at the asking price of £285,000.

  1. Neither the Housing Departmentnor the Departmentof Property Servicesweremadeawareof this interest by the Estate Agents responsible for marketingAmy'sHouse. In any event, the letter ofinterestwasreceived after a decision had been madeby the Housing Committee to sell the property. With noknowledgeof the letter of interest, it couldnotbe alluded to in the subsequentreportaccompanyingP.68/2003.