Wednesday 22 May 2024
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Nottingham City Council to sell off Clifton pub among other assets

Nottingham City Council is selling some assets to raise cash.

The council has released details of a delegated decision to sell the Fairham Hotel pub in Clifton.

In other decisions this week the council will also sell a building at 3 George Street, Units 1-3 Hubert Court, 0.36 acres of land at Wollaton Vale and Coventry Court in Cinderhill.

This year the authority has offered for sale the old Angel Row Public Library building, a car park in the city centre and Thomas Bow construction company.

Last year, the council said it hoped to generate around £100m over the next few years from selling land and properties it no longer needs.

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The council is being closely monitored by the government following the collapse of council energy company Robin Hood Energy.

It needs to make significant savings over the next four years or government commissioners could be called in to take it over.

The council owns or has owned eight core companies: Nottingham City Homes, Nottingham City Transport, EnviroEnergy, National Ice Centre, Thomas Bow City Asphalt, Nottingham Revenue and Benefits, Blueprint and Nottingham Futures.

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