Council says college site sale has collapsed

News
News
Share this article

Lincolnshire County Council has admitted the proposed sale of the former Horncastle College site has fallen through.

The News understands a company from the Spilsby area had expressed an interest in buying the Fortuna Business Centre which is located off Mareham Road.

However, the County Council says a deal fell through at the end of 2015 but is confident another buyer will come forward.

Kevin Kendall, Chief Property Officer at the council, said: “We were first looking to sell the site in 2014 and had been in discussions with a potential purchaser last year.

“That purchaser decided not to go ahead with that at the end of last year and we are looking at re-marketing the site very soon.

“We are expecting fresh interest in the site, which offers great investment opportunities.”

The council has not revealed any details of the proposed sale - or the asking price.

Several companies formerly based at the site have already re-located to other premises because of on-going doubts about the centre.