A total of 70 acres off Low Wood Road and bordering High Wood Cemetery, has been declared surplus by the council
A huge swathe of countryside is to be sold off by Nottingham City Council to a ‘national housebuilder’ as the cash-strapped authority looks at ways to balance its books.
A total of 70 acres off Low Wood Road and bordering High Wood Cemetery, has been declared surplus by the council.
The parcel of land in question stretches from Hempshill Lane across to the M1, just above junction 26 at the Nuthall Interchange. It is used primarily for agriculture by the owner of Sellers Wood Farm, which rents out the land as part of a farms business tenancy, according to the city council.
Because the area in question is landlocked and cannot be accessed for development the council had to approach the adjoining landowner if it was interested in purchasing it.
The council says: The adjacent land owner is a national housebuilder and has made an unconditional offer to buy the land outlined in the attached plan off market to add to their land bank for future development.
The decision to sell off the land comes as the council looks to balance its books amid growing pressures on its finances.
A new budget has been drafted, proposals of which are being consulted on, which outlines a number of impacts on council services.
A small parcel of land will also be acquired at the entrance to High Wood Cemetery so that the entrance can be widened from the adopted highway.
A city council document states the decision has been made ‘to declare 48.21 acres of agricultural land being part of Sellers Wood Farm, Nuthall Nottingham surplus to the trading account and approximately 17.82 acres including 4.82 acres of Sellers Wood surplus to the leisure portfolio and make the freeholds available for disposal.
A city council spokesman added: Following the adoption of the council’s Recovery and Improvement Plan, an asset review of our agricultural holdings has taken place which included Sellers Wood Farm.
The spokesman added: After a proactive approach by property officers with the adjoining landowner, a sale has been agreed which will provide a considerable windfall receipt for the council.