East Lindsey District Council has confirmed that “a number of bids” have been received for the Cattle Market site in Louth, since the latest marketing exercise drew to a close on September 30.
Following the initial marketing exercise two years ago, the Council accepted a bid for the site in July 2014 from McLagan Investments Ltd c/o ASDA Stores Ltd, subject to contract and planning.
That bid was subsequently revised, and as a result the Council didn’t progress the sale.
The number of bids received in response to the latest marketing exercise, the bidders and the proposals are all commercially confidential at this time.
On December 2, 2015, Full Council will decide whether or not to agree to a sale of the site, subject to contract, for ‘Best Consideration’ – to the highest bidder.
Portfolio Holder for Finance and Property, Councillor Nick Guyatt, said: “The future of the existing Livestock Market site has been long debated. I hope that we will be able to reach a conclusion that will enable the best financial outcome for the taxpayers of East Lindsey.”
Since December 2014, architects have been working with the Council and the existing auctioneers to develop initial plans for a new Livestock Market on the Fairfield Industrial Estate in Louth.
For more information, visit www.e-lindsey.gov.uk/louthcattlemarket