Two former Sheffield pubs could soon be redeveloped thanks to a swap deal between the city council and a private landowner.
The Hare and Hounds in Nursery Street and Ye Old Harrow in Broad Street have been sitting empty for some time, with little sign of investment.
The council owns the Hare and Hounds, which had fallen into such a state of repair that a decision was recently made to knock it down.
A private landowner has Ye Olde Harrow, which is also empty and becoming an eyesore. But the individual, who is not named in council documents, also owns a disused building next to the Hare and Hounds site.
The council also owns a plot next to the pub in Broad Street, which is vacant save for a small substation building.
The authority has been trying to redevelop its plots, but according to a report by officers, has struggled to get the private landowner to do the same.
So after some discussion, a swap deal was suggested.
Officers said: "It is proposed that the council will transfer its land at Broad Street in exchange for the site at Nursery Street, and a future payment to reflect the higher value of Nursery Street when the combined Nursery Street site is sold.
"The Nursery Street property will be marketed in the near future and officers are confident that there will be strong interest."
This would leave the private landowner with both sites in Broad Street.
The officers' report said the Hare and Hounds site was worth £285,000, while the vacant plot in Broad Street had a value of £85,000.
It adds: "Discussions have been held in the past with the private owner in respect of simply carrying out a joint marketing of his property with the council’s but it has proved very difficult to reach agreement.
"Officers are concerned to ensure that the site is brought forward for development and believe acquiring the property is the most certain way to ensure that this happens.
"There is a risk that the private owner will continue to do nothing with the Broad Street property but it considered that to try to force him to do so would prejudice the proposed Nursery Street transaction.
"By bringing the Broad Street properties into a single ownership there is more likelihood that redevelopment will be carried out in future."
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