The green light has been given for the former Eastwood Primary School, which is steeped in history, to be sold to developers.
Members of Nottinghamshire County Council rubberstamped the decision for the Devonshire Drive landmark — paving the way for it to be potentially used for flats or houes.
The building has been empty since 2012 after teachers and pupils moved to a new building in Peacock Drive.
The finance and property committee at County Hall agreed for the sale to go ahead.
For commercial reasons, it has not yet been disclosed who is set to purchase the building.
But the decision has disappointed former Eastwood mayor Brian Griffin — a town council and also ex-pupil of the school.
He had hoped the building could be used by the community.
“I have strong objections to the development of the site,” he declard.
“There’s lots of things that building could be used for apart from housing. It could be used for the community and all other sorts of benefits for Eastwood.
“The town is crying out for facilities.
“I believe the building could be used for multiple purposes — part of it for offices and part of it for other uses.”
County councillor for Eastwood, Cllr Keith Longdon, a former governor at the school, said it was no use leaving the building empty and that it would benefit Eastwood to convert it to homes.
He said: “It’s standing derelict and other schools, like on the Walker Street site, were left latent for years.
“The sooner it gets moving the better. It would be a shame to get shot of it though because it’s such a nice building.”
The school building dates back to 1910 and continued to be used as a school until last year.
It was home to Eastwood Infant and Junior School, which merged in 2010 to become Springbank Primary. The Peacock Drive development cost £5.4million.
The old building has been marketed since 2012.
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