The former Wetherby Day Centre, in Gosforth Road, has fetched nearly a half a million pounds sterling at a recent property auction.
“A final sale price of £445,000 was in excess of initial expectations,” said Strategic Asset Manager, John Sadler.
He added that the building, which sits on 4,050 square metres of land, was classified as a “surplus asset” as part of the Council Property Rationalisation programme. This programme reviewed 382 key Council-owned properties to better understand how they were being used and whether there were opportunities to deliver services in a different way.
The sale of this asset brings the total number of surplus properties sold, since March 2013, to 25 generating approximately £4.2m in capital receipts.
The property was originally built in the 1960’s with later extensions and has a range of accommodation including activity and meeting rooms, leisure, dining and kitchen areas together with extensive workshops.
“There was a significant level of interest shown prior to auction which was reflected in the number of competitive bidders in the sale room,” said John.
He told Derby Newsroom that among the properties expected to go on the market in 2017 are Middleton House, Duckworth Square and the Cattle and Wholesale Markets.