The asset up for sale is a section of council-owned land between Cropston Drive (Waterworks Road) and Greenhill Road.

The council cabinet has also approved a draft masterplan that includes the construction of 120 high-quality homes, green spaces, trees and ‘village’ squares, as well as new walkways, cycle paths and 20% affordable housing.

The money generated from the sale has been earmarked for a council scheme to build a new, state-of-the-art leisure centre in Coalville.

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Councillor Richard Blunt, leader of NWLDC, said: “The possibility of developing part of the land on this site brings with it a number of opportunities; not least increasing the amount of good-quality housing available in Coalville and improving the existing recreation facilities.

“We will be looking for any potential developer to build a quality scheme that meets our high design standards.

“We are also looking to work with the community on how they would like to see their recreation facilities improved as part of this development.”

The council will be hosting a number of drop-in sessions at Greenhill Community Office on Waterworks Road, for local residents to have their say on the development.

Two drop-in sessions have already taken place, with the remainder being held on:

• Monday 2^nd October, 10am-12pm
• Wednesday 4^th October, 5-7pm