The Department has only sold one property within the last five years and the amount received was £110,000 in financial year 2006-07.
The Department has received the following income from letting its properties in the last five years;
Income (£ million) 2002-03 2.41 2003-04 2.32 2004-05 6.48 2005-06 6.57 2006-07 9.99
The Department has owned/leased the following buildings in the last five years:
Building Tenure Remarks Core Store, Edinburgh Freehold Wrest Park, Bedfordshire Freehold Sold 2006 National Physics Laboratory, Teddington Freehold 151 Buckingham Palace Road, London Leasehold Kingsgate House, London Leasehold 1 Victoria Street, London Leasehold 10 Victoria Street, London Leasehold Let to Home Office 2006 Westfield House, London Leasehold Elizabeth House, London Leasehold Vacated 2004 Oxford House, London Leasehold Vacated 2006 Newtown House, Nottingham Leasehold Acquired 2005 Amberley House, Gloucester Leasehold Acquired 2005 Abbey Orchard Street, London Leasehold Vacated 2005 2a Ryland Street, Warrington Leasehold Let to Pension Service Atholl House, Aberdeen Leasehold Tay House, Glasgow Leasehold Queensway House, Billingham Leasehold St. Marys House, Sheffield Leasehold
The Department’s most recent valuation of its property portfolio is £125.33 million.
The cost of leasing buildings is as follows:
Value (£ million) (a) The Department (HQ Estate) 2002-03 1? 2003-04 28.6 2004-05 29.6 2005-06 31.6 2006-07 30.2 (b) Agencies 2002-03 0.96 2003-04 0.96 2004-05 1.54 2005-06 1.54 2006-07 1.43 1Unable to provide figures for 2002-03 due to the disproportionate cost of obtaining this information.
The Insolvency Service have already responded directly.