Nottingham City Council is preparing to auction off the remaining 61 acres of Trent Farm in Long Eaton, Nottinghamshire. The move comes after the expiration of a lease with Cemex UK Operations for gravel extraction. The council cites ongoing management risks and the lack of income from the vacant land as reasons for the sale.
More than 60 acres of vacant farmland in Long Eaton, owned by Nottingham City Council, will be auctioned off. Trent Farm , situated on Trent Lane with a view of the former Ratcliffe-on-Soar Power Station, has been used in recent years for gravel extraction. Nottingham City Council had leased a portion of the farm to Cemex UK Operations for gravel extraction. However, with that process now complete, the Labour-run authority has agreed to dispose of 61 acres of vacant land.
The council explains: 'Nottingham City Council could continue to hold the property, but there is no longer any income to be derived from the remaining two sites. Moreover, they represent a serious ongoing management risk to the property management team as they are now simply extensive areas of open water. It is not possible to prevent people entering the site and the property management team and our insurance team have recommended the disposal of the liability now that the Cemex lease has expired and we are responsible for the property.' The lease to Cemex expired at the end of 2023, and in a report published on January 8, the city council confirms it will therefore sell plots five and six of Trent Farm. These two plots are the last parts of Trent Farm owned by the city council. 44 acres of the site were auctioned off on December 12 by the Nottingham-based Auction Estates company. That auction saw 44 acres sold for £300,000, despite a guide price of £150,000. Once a quarry, operators transformed Trent Farm into two main lakes and two smaller lakes, with narrow strips of land in between. Recent years have witnessed the city council selling off various assets, ranging from pubs to supermarkets, as it attempts to repay £65 million of government financial assistance. Other assets recently sold by the city council include a pub and an empty Prezzo restaurant in Birmingham. Agricultural land was highlighted by former council leader David Mellen as one of the asset types that Nottingham no longer required. Councillor Mellen stated in 2023: 'There are some things that are not particularly useful to us. Were you aware that the council up until recently owned nine farms? Is that part of our everyday business? Does it help the people of Nottingham to have nine farms?
NOTTINGHAM CITY COUNCIL TRENT FARM LAND AUCTION GRAVEL EXTRACTION FINANCIAL ASSISTANCE PROPERTY DISPOSAL
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