Cash Strapped Peterborough City Council Assets SOLD

The cash-strapped council, which is currently tackling a £28 million deficit, agreed the sale of both assets through an auction on Tuesday.

Discussions are now taking place with the buyers to finalise the sales before April

The Pyramid Centre is a retail unit which contains The Oxcart pub, Premier Late Shop, two takeaways and two buildings leased to Bretton Parish Council.

What about the local residents and the elderly, retired population who relied on the  convenience store as losing it would be a “huge problem for the elderly people who live nearby.” what is now going to happen to them being non drivers having no amenities to do their daily or weekly shopping is going to cause chaos!

“Current lease arrangements will remain the same for existing leaseholders.” the council  “ regularly review buildings, land and other assets in our ownership and sell those that are in the city’s financial interests to do so.

Was the general public contacted for their feedback, or a public consultation considered?

Age UK building that has been in the high street for sometime is another outlet that now will leave the elderly wondering where to access that support when need !

“Money that we generate from selling such assets is then reinvested into providing services for residents.

“The decision was made to sell The Pyramid Centre and the Lindens [Age UK building] as both sites will require significant investment in future years.

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