Question from: County Councillor Elwyn Vaughan Subject: Ladywell House rent
On the 6/2/2019 Powys County Council stated in a FOI response in relation to Ladywell House; “The current occupancy level is 54% and the current rental income is 234k”.
On the 16/11/2020 I’m told in response to a Question to Head of Service; “the occupancy level for 20/21 is 73% and the current rental income is £180K” “It is envisaged to rise to 81% and £230k in 21/22”.
Hence it seems from this response that the occupancy has gone up 19%, yet the rental income has gone down £54k. Indeed, even at the envisaged 21/22 occupancy levels of 81% the total rental would still be less than the £234k quoted in the FOI at 54% occupancy!
Can you therefore explain the discrepancy in these figures and provide correct and current occupancy and rental income paid for Ladywell House.
Response by the Portfolio Holder:
Thank you for your enquiry in respect of Ladywell House. Given the discrepancy noted in your enquiry I requested the Property team to review the position. Unfortunately, on investigation there does appear to be an error in the figure reported to you previously. I am advised one rental figure was double accounted and that the true figure for 2018/19 was £191,407.11, with a service charge total of £99,874.38 for the same year. It is believed this error arose as the officer was trying to project end of year income using part year figures available at the time. Please accept my apologies for the error. Please note, the current figures provided have been checked and are correct.
The Occupancy levels have been correctly stated throughout. As at February 2019, when the original request for information was received the occupation level was at 53%. It has grown to 73% due in part to PCC agreeing to take a suite on 2nd floor enabling the closure of the Old College to be brought forward. There is no rent charged however for PCC occupation, so overall rent may be perceived to have dropped.