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Sale of sites brings in cash

Published on:

10 August 2016

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Enfield Council has raised over £1.5m after a number of properties recently went under the hammer at auction.

Enfield Council has raised over £1.5m after a number of properties recently went under the hammer at auction.

The first property, (scheduled for completion on 18 August 2016) will raise £820,000, and is in Whitefields Road, Cheshunt. It comprised four retail / residential units plus a former small council depot. The buildings, which were owned by Enfield Council, had been vacant for some time.

The Front Lodge in Trent Park, Cockfosters has also sold, raising £687,500. The Lodge dates from the late 1890's and is built in the Tudor Revival style, the building originally functioned as a gate house to the main mansion and is listed Grade II.

Enfield Council's Cabinet Member for Finance & Efficiency, Cllr Dino Lemonides, said "It is good news to hear that by selling our unwanted and unused assets we have raised £1.5m.

"The rationalisation of our estate is vital to generate much needed funding, this is a phenomenal achievement."