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Sittingbourne land investment

Thursday 21 June

Town centre land bought by council

A former bus depot site has been bought by Swale council for £1.1 million.

The one acre site, off East Street, Sittingbourne, was previously owned by the Mormon Church and lies adjacent to the council offices.

Cllr Duncan Dewar-Whalley cabinet member for finance and performance said:

"This land has been unused for more than 20 years and not only has significant potential for redevelopment, but adds value to the site we already own where Swale House stands.

"We have a long standing objective to redevelop the Swale House site and move to smaller, more cost effective, offices. This purchase gives us huge potential to save council tax payers’ money, and regenerate this end of the town."

The council has bought the freehold for the site, which is currently let to a neighbouring garage, creating an immediate income stream for the council.

The purchase is the latest investment by the council as part of its strategy to find secure income from investments to replace reduced central government funding.

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