Lots un­der the ham­mer

‘Com­bi­na­tion of fi­nan­cial fac­tors’ lead to sale of com­mu­nity as­sets

Isis Town and Country - - News - By LEAH KIDD

MORE than 25 com­mu­nity as­sets will be put un­der the ham­mer this month due to what the Bund­aberg Re­gional Coun­cil has termed “a com­bi­na­tion of fi­nan­cial fac­tors”.

The as­sets, a se­ries of spare al­lot­ments, are lo­cated around the Bund­aberg re­gion from Childers and Welcome Creek and oth­ers in Bar­gara and Horse Camp.

Bund­aberg Mayor Mal For­man con­firmed the sale was un­usual.

“Coun­cil rarely holds this type of auc­tion and usu­ally con­ducts prop­erty auc­tions in con­junc­tion with the re­cov­ery of ar­rears of rates,” Cr For­man said.

“A com­bi­na­tion of fi­nan­cial fac­tors are key driv­ers be­hind the coun­cil’s de­ci­sion to of­fer up to 26 al­lot­ments for auc­tion later this month.”

Cr For­man said it was hoped the low in­ter­est rates would make pur­chase of the al­lot­ments more at­trac­tive to prospec­tive buy­ers.

“And coun­cil also saw an op­por­tu­nity to re­duce its prop­erty port­fo­lio and pro­vide a cash flow for its gen­eral rev­enue,” he said.

Cr For­man wanted to stress that this prop­erty sale should in no way be viewed as a “fire sale”.

“But rather coun­cil of­fer­ing a col­lec­tion of prop­er­ties, most of which are fully ser­viced with power, wa­ter and sew­er­age and lo­cated in some great ar­eas of the Bund­aberg re­gion.”

Cr For­man said Syn­ergy Prop­erty Spe­cial­ists had been se­lected to con­duct the auc­tion af­ter ex­pres­sions of in­ter­est were sought from an ex­ten­sive num­ber of real es­tate agents.

“I would en­cour­age any­one look­ing for an in­vest­ment prop­erty or a home­site to at­tend the auc­tion,” he said.

The auc­tion will be held at the Coun­cil Ad­min­is­tra­tion Cen­tre on Bour­bong St on June 30 and July 1.

PHOTO: CON­TRIB­UTED

LAND SALE: 18 Her­itage Dr, Childers, is one of 26 parcels of land the Bund­aberg Re­gional Coun­cil is look­ing to auc­tion off.

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