£350,000 a year derelict supermarket to be demolished

What do you do with a derelict supermarket that is costing £350,000 a year to maintain? Get rid of it as quickly as possible I'd say.

The derelict Sainsbury's site in Newcastle-Under-Lyme is costing Staffordshire County Council and Newcastle Borough Council exactly that every 12 months, so they have decided to demolish the building.

If you're wondering how a derelict building can cost hundreds of thousands to maintain, then look to insurance, business rates, and electricity bills for your answer. With the building demolished, though, such costs will disappear and the site will be marketed for redevelopment. It's worth noting that the old supermarket car park on the site was generating around £175,000 in parking charges, so if nothing else a giant car park could be opened on the site while redevelopment plans are finalized.

Source: BBC News