Shropshire Council sells off property assets

Builders yard in Much Wenlock A builders' yard and 10 electricity substations were up for sale

About £2.3m has been made for Shropshire Council from an auction of some of its property assets.

Lots that went under the hammer included a quarry, a caravan park and a telephone exchange.

Twenty lots of council-owned property were auctioned in London by consultants Lambert Smith Hampton.

Council leader Keith Barrow said the Conservative-led authority had made almost double what it had expected. More auctions will be held in future.

The council needs to make cuts of £76m to its budget by 2014 and plans to sell off £13m of assets this year.

Shropshire Council inherited many properties when it became a unitary authority in 2009.

A builders' yard in Much Wenlock with a reserve price of £160,000 went for just over £300,000.

A total of 34 empty two-bedroomed apartments in Weston Rhyn went for £560,000 - the guide price was about £250,000.

But 10 electricity substations did not sell.

A council spokesman said the authority plans to auction more property.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Shropshire

Weather

Shrewsbury

Min. Night 8 °C

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.