Pensioner flat auction pulled
A planned auction of pensioner flats has been pulled by Hamilton City Council after complaints potential social agency buyers were being shut out.
The block of River Rd flats was due to be auctioned next week, drawing criticism from city politicians who argued they had reserved the right to consider offers from "sympathetic" buyers prepared to continue running them as social housing, rather than being sold to the highest bidder.
The River Rd block is one of three regarded by council staff as not fit for purpose, and endorsed for sale by the city council.
But in an email this afternoon to elected members council general manager performance Blair Bowcott blamed a "mis-communication" between staff and the real estate agent for the situation, and confirmed the auction would not take place.
"As of this morning, staff have instructed the agent to change the River Rd sale approach to reflect that of the other two pensioner housing properties. The sale process for all three properties is an expressions of interest campaign, that will allow offers from sympathetic buyers and open market offers. All three property campaigns will now close on Friday 14 September. There will not be any auction," said Mr Bowcott in the email.
The best offers for each site, representing a combined offering of 51 flats of which 21 are currently vacant, along with genuine sympathetic provider offers for any of the sites will be presented to Council on September 27.
The agent will now follow up with all the potential bidders who had expressed an interest in the auction for the River Rd property and encourage them to participate via the expressions of interest process, said Mr Bowcott.
- © Fairfax NZ News
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