Council to sell modular units for homeless
Original Article Summary
The authority says the average cost of about £244,000 per unit "is not a cost we can sustain".
PropMatch Curated Analysis
Cornwall Council is selling 37 of its 79 modular homeless accommodation units due to high setup costs of £244k per unit, creating potential acquisition opportunities for private investors focused on affordable housing.
Investor Relevance
Creates potential acquisition opportunity for investors interested in modular/affordable housing assets. Demonstrates cost challenges in council housing provision which could lead to more disposal opportunities. Shows infrastructure costs that private developers should factor into modular housing projects.
Original Source:
BBC NewsStay Updated
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