Council pool sells for 10 times auction estimate
- Published
A closed swimming pool owned by Bradford Council has been sold at auction for 10 times its guide price.
Rhodesway Pool, which was expected to sell for between £40-50,000, eventually fetched £508,000 at an online property auction.
The pool site was one of 11 council-owned properties to go under the hammer, with plots of land, empty homes and an old filling station also being sold.
Eight of the 11 assets listed for auction were sold, bringing in more than £2.1m for the cash-strapped local authority which needs to meet a £40m shortfall in its finances.
Earlier this year, the local authority revealed a list of more than 150 sites it planned to sell in an effort to balance its books and stave off bankruptcy.
The swimming pool, in the Allerton area, was closed in 2011, and was one of the buildings the council deemed "surplus to requirements", the Local Democracy Reporting Service said.
Several other Bradford Council lots also exceeded their guide price at the sale on Wednesday.
A 2.55 acre (one hectare) site off Abb Scott Lane in Low Moor sold for £506,000, despite a guide price of just £115,000. The listing described the site as having the potential for 30 new homes
A former petrol filling station at Hammerton Street in Bradford city centre, which had a guide price of between £25,000 and £30,000, sold for £134,000
94 Paley Terrace, a fire-damaged house, sold for £61,000 after being listed with a guide price of £9,500
2 Hallfield Road, a derelict former community centre off Lumb Lane, sold for £153,000. Its guide price was between £30,000 and £35,000
The freehold of a block of shops in Shipley town centre, 2-10 Market Street, sold for £317,000 after being listed with a £275,000 guide price. The listing said the businesses were subject to a long leasehold and brought in an annual rental income of £24,600 each year
A property on Thornton Road, currently leased to Johnstone's Paint on a lease with 56 years remaining, was sold for £292,000 after having a guide price of £170,000
1 Greenwood Road in Baildon had a guide price of £120,000, but sold for £131,000
However, three properties failed to sell.
Number 5 Roseberry Street in Oakworth, which had a guide price of £85,000, 10 Queen Street in Silsden, which was estimated at £105,000, and a plot of development land at Whinfield Drive in Keighley, with a guide price of £150,000, all remained unsold following the auction.
Listen to highlights from West Yorkshire on BBC Sounds, catch up with the latest episode of Look North or tell us a story you think we should be covering here, external.
Related topics
- Published9 September
- Published28 October
- Published18 September
- Published5 November