FORMER GREENMOUNT SITE TO GO FOR LESS

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A former primary school that became surplus to requirements in the schools re-organisation is set to be sold for considerably less than its original asking price.

Greenmount Primary school moved from its historic building in Green Street to the former Mayfield Middle site in 2011, leaving the 19th century building empty. Now, a preferred bidder has made two offers, one being £100,000 short of the original asking price of £500,000 back in September.

The proposals put forward to the Isle of Wight Council by the preferred bidder include:

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• An offer of £400,000 with planning permission being granted for conversion to residential use with at least three car parking spaces on site

or

• An offer of £450,000 for conversion to residential use with at least seven car parking spaces on site.

Should the planning permission be refused, the bidder will not purchase the site.

A delegated decision to proceed with a conditional exchange of contracts is to be made from the 17th May 2012.

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