The authority described the assets as being functionally obsolete and said the sales would help the council remain financially stable. This decision underscores financial necessity against the backdrop of historic asset management.
The Grade II listed Plumstead Power station, initially serving street lighting needs, reflects a strategic shift as Greenwich Council recommends long leasing with upfront payment, aiming to revitalize underused heritage.
Greenwich Council emphasized the financial rationale behind selling less utilized assets, claiming that properties like the car parks and depots, while historically significant, represent a burdensome cost in their current form.
The former caretaker's houses, including the one on King George Street, are cited for sale due to excessive refurbishment costs, demonstrating the council's priority to offload financially unviable properties.
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