The Department’s empty residential property has a combined potential annual rental value of £24,000. The Department’s occupied residential property has a potential annual rental value of £222,100, which excludes a number of properties held as part of the letting of a larger holding.
The Department’s empty residential property has a total book value of £207,000. The Department’s occupied residential property has a total book value of £5,195,000.
Of those residential properties currently vacant, the houses are either actively being offered for sale or are already sold subject to contract.