Merton Council has announced plans to sell off a Wimbledon town centre car park making way for developers.
The car park, behind the New Wimbledon Theatre on the Broadway and Russell Road, is expected to be put out for tender later this year, pending approval at a cabinet meeting on March 11.
Bids will then be invited from potential developers with the possibility for a mixed use development for retail, residential or hotel use.
Despite the loss of 70 spaces, Councillor Stephen Alambritis, leader of Merton Council, said there is are under-used spaces at other car parks to make up for its loss.
He said: "We feel there is scope for parking in other areas such as Queen’s Road car park and St George’s car park.
"We also plan to invest in signage toward our other car parks in the area as we feel that’s lacking."
The Broadway car park currently brings in £220,000 revenue in parking charges for the council.
Any plans would be considered by Merton Council for their appropriateness before going through the normal planning process.
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