Leeds council land sale set to fetch £300k at auction
A plot of council land in Leeds is set to fetch at least £300,000 after being put up for auction to raise cash.
The site on Roundhay Road, in Sheepscar, could be redeveloped after being put on the market by Leeds City Council.
The vacant land, next to existing industrial units, was deemed surplus to requirements by the authority and bids are now being invited by Pugh Auctions.
The auction website said: “The immediate area is established for trade and light industrial uses, with neighbouring occupiers including Selco builders warehouse, Screwfix and other well-known trade operators.”
The council previously said a sale of the site would raise cash and avoid future maintenance costs.
It was set to be sold for industrial use after being deemed unsuitable for residential development.
The auction site said: “The site benefits from excellent transport links via the A58 and A6120 outer ring road, providing quick and convenient access to the city centre and wider regional road network.”
Pugh Auctions said £300,000-plus was a guide price for the site.