Mansfield District Council is to sell two buildings to raise money for its budget.
Premier Court, off Kings Mill Way on Hermitage Lane Industrial Estate, and 77 Sandy Lane, in the Eakring ward, are expected to raise hundreds of thousands of pounds if buyers are found.
The council owns four of the units at Premier Court.
They were designed and built in the 1980s as four separate units but were historically rented as two, and most recently as one entire single property with doors between the units.
But the property is currently vacant due to the previous tenant going bust, and the building has been returned to the council in poor condition, with all the tenants’ old belongings left inside.
In order to be rented out again, the building would need “significant, essential” repairs to bring it up to a rentable condition and the council suspects it would not be able to earn any income from rent for at least 18 months from now.
Its gas central heating system and gas hot air heaters also mean that its energy efficiency rating could drop under the minimum acceptable level by the time its next assessment is due, meaning more costs could be incurred for improvement works to the heating system.
The property would let at around £80,000 per year according to assessments, assuming the property is in good condition.
At a meeting of council finance officers and Mayor Andy Abrahams on Wednesday, November 26, the decision to sell the property was approved.
Before it is put on the market, a contractor will be paid by the council to clear the property.
The amount the contractor is being paid for the job has not been disclosed.
The property at 77 Sandy Lane is home to Sandy Lane GP Surgery.
The doctors currently rent the building from the council, which is the only GP surgery the council owns and was designed for that purpose.
But the surgery wants to buy the building from the council, with its lease on it having expired, and the council believes they will get more for it by selling it to the GP than they could by selling it on the open market with the current tenants inside.
The GP currently pays £26,000 per year to rent it, and the council believes that if it were to rent it out again, it wouldn’t receive as much for it. Even if new tenants were to move in, significant changes would be required to the interior.
The council also noted that the GP surgery, like the industrial unit, has gas central heating, which means its energy rating will reduce over time and the council will have to spend money on improving its heating system.
At the meeting, the sale of the building was also approved by the Mayor.
