Residents in Woodbridges condominium in South Kensington and Chelsea have been left to wonder if their property could be sold off to raise money for the council.

The Condominium Association of Woodbridge has lodged a proposal to sell all of its 10,000-plus condominium units for an estimated $1.2 million.

But the council says the property could not be sold because it has no sales and rental licence.

The proposal was tabled in the Woodbridge Planning Committee on Wednesday.

Councils spokesman Ian Taylor said the council was not aware of the proposal.

“We will be seeking to find a way to raise funds for the ward,” he said.

“We have been asked to make an application to the planning authority to look at this matter and have been advised that this is not feasible at this stage.”

There are several other issues that need to be sorted out, including council tax and building code changes.

“This is something that needs to be discussed with council staff before we make a decision.”

The council said the issue was being investigated by an external body.

If council members are satisfied there is no alternative, they would consider it, the spokesman said.

The council’s application for the sale of the 10,064-square-metre Woodbridge condo in South-East Woodbridge is due to be voted on on October 13.

“It is not currently in the best interests of our residents to be in a state where we have no control over what we sell, or what we pay for our properties,” the council said in a statement.

Woodbridge’s resident population is almost one-third of the councils total population of more than 1,600, with many older residents and retirees.

A council spokesperson said: “We are confident that our current strategy is working and that our residents are getting value for money for their money.”

Woodbridges resident, Peter Lopresti, said he was “truly shocked” at the council’s decision to sell the unit at auction.

“My first thought was ‘what are we going to do about it?'” he said, adding that the council had “never been so bad”.

“It’s a shame that it’s taken this long.”

Mr Lopsti said he had received a letter from the council informing him that the sale would be “held to the highest standard”.

“I think they’ve really failed to consider the whole estate and not just the units,” he added.

The council is currently preparing a report on the issue and is planning to hold a public hearing to discuss its findings, the spokesperson said.

Councillors have voted to hold an emergency meeting in January to consider council’s “resolutions” for the Woodbridged Estate, the council spokesperson added.

Topics:housing,social-development,business-economics-and-finance,community-and%E2%80%99-politics,woodbridges-6789,kelly-6728,bristol-7051First posted October 13, 2019 17:42:20Contact Louise Karp at  Lorraine.

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