Doncaster Town Centre could be set for a economic boost thanks to the sale of a run down shopping centre that is expected to pave the way for redevelopment.
The Waterdale Centre sold at auction for £3,675,000 - a million more than the guide price.
The details of the buyer have not been released.
The Star understands Doncaster Council did put a bid in but were unsuccessful.
Doncaster Chamber have welcomed the sale which it believes could give the town a major boost.
Dan Fell, Deputy Chief Executive of Doncaster Chamber said: “It’s a really positive things, hopefully the buyer is someone with a real appetite to invest in the town.
“I don’t think as a Chamber we’d be too precious in terms of what they do with it, as long as they do something with it. It’s a bit of an eyesore at the minute.
“We have the new Civic and Cultural Quarter, we have the Frenchgate Centre, a great market and we have a relatively good high street in the current economic climate - Waterdale in the middle of all that is an opportunity missed.
“If the buyer can freshen it up and do something creative with it, whether it’s commercial, residential, or retail, as long as it’s an asset to the town it can only be a positive thing.”
Speaking before the sale Coun Bob Johnson, cabinet member for regeneration “This is an important town centre site located next to the Civic and Cultural Quarter development which is regenerating the Waterdale area,” said
“Given its strategic significance, the council is interested in who acquires the site and their intentions.”
The centre comprises 46 retail units, many of which are empty, a former cinema, office accommodation and a sports and social club. It also has 37 residential flats and more than 300 parking spaces.