States buy back property after contamination found
Monday 25th July 2011, 2:54PM BST.
The property at Mont Mado was sold in 2009 by the States for £1.2 million
THE States have been forced to buy back a property they sold because it is contaminated.
In 2009 the States sold a number of sheds at Mont Mado, Rue de la Mare des Prés, St John, for £1.2 million. But the buyer, who wanted to build three houses on the site, has found it to be contaminated with petrol, diesel and paints. The States have agreed to buy the site back for the same price it was sold for.
They have also agreed to pay for the legal costs, the cost of the developer’s investigation into the suitability of the land for development and the interest.
The States plan to clean the site and sell it when the market has improved.
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