THE sale of publicly-owned land close to the Abbeycentre could net Newtownabbey Borough Council around £300,000 it has been revealed.
At the June 18 Policy and Governance Committee meeting, councillors agreed to release land opposite Merville Garden Village on the Shore Road.
It is believed part of the three-acre site has been earmarked by a developer for a new seven-screen cinema which could create over 150 construction jobs and provide another 40 posts on its opening.
The potential value of the land sale could be around £300,000.
A council spokeswoman said the authority was still in discussion with Land and Property Services about valuation of the land.
In a statement the council detailed: “The council owns approximately 3.2 acres of land at the Shore Road.
“A private sector company has recently expressed an interest in the purchase of approximately 1.2 acres of this land.
“In line with the council’s policy, and following due consideration, this land has been declared surplus to requirements.
“To provide the opportunity for other interested parties to express their interest an advertisement will be placed in the local press in early July.”
Meanwhile, the council has also received an expression of interest for land on the O’Neill Road which it is also planning to dispose of.
The council statement added: “The council has again agreed to declare the land surplus to requirements.
“In this case the council owns 10.5 acres on the cemetery side of the road and interest has been expressed in just over one-third of the area.
“Other interested parties will have the opportunity to submit an expression of interest for community use of this site following a public advertisement in early July.
“Valuations from Land and Property Services have been requested in both cases.”