Government makes over £1m from property sales

Tue, 23 Jan 2018

The sale of the Albert Road School site brought in £342,000.

The Manx Government has sold off over a million pounds worth of property in the current financial year.

Nine disposals of land and property have taken place since April 2017, bringing in £1,034,477.25.

The three biggest sales were made on the open market, with the £345,000 sale of a property in Governor's Hill by the Department of Health and Social Care the highest value transaction.

The Department of Education and Children sold the Albert Road School site for £342,000, while Cranleigh Ville in Laxey was sold by the Department of Infrastructure for over £150,000.

Six other sites are currently awaiting completion of disposal, including Ramsey Courthouse, Port St Mary Railway Station and the Police House and Station in Andreas.