Just months after buying the town’s Post Office building, Eastwood councillors are set to consid rselling it on because it is ‘hemorrhaging’ cash.
Leader of Eastwood Town Council, Cllr David Bagshaw, put forward a motion at Monday night’s full council meeting stating: “The Labour group have discussed in great detail, the advantages and disavantages of the Post Office building.
“We have concluded that this project is too much of a drain on our resources and as such we propose that, with regret, we relinquish ownership of the building and cease all work except what is legally required.”
Cllr Brian Griffin seconded the motion.
Councillors decided that the proposal would be discussed at the next town council meeting, scheduled for June 2.
But speaking after the meeting, Cllr David Bagshaw explained the reasons behind the suggestion for the building on Nottingham Road.
He said: “The first thing to say is thatwhatever happens the Post Office will remain and that is the most important thing.
“We need to keep the Post Office in the town, that is vital.
“Having assessed the project and costs involved as well as taking into consideration the fact that the building is hemorrhaging cash, we think it would be better if we cut our losses.
“We need time to look into what to do next, it could be that the property goes back on to the open market, or it could be rented out, that’s what needs to be decided now.
“We will know more at the next meeting and hopefully a decision can be reached then and this can be settled.”
Councillors agreed to buy the building in October 2013.
They planned to use the property as their base, while taking rent from the Post Office as well as the flat above.
Thebuilding was also earmarked for community use and private hire to help generate extra income.
Since moving out of the council chambers in Nottingham Road four years ago,the council has been renting a property in Mansfield Road.