DERM yet to receive an application for freehold
THE Department of Environment and Resource Management is yet to receive an application from Meridien to freehold the leases.
DERM’S north regional services director Andrew Buckley said any future valuation would consider recent market sales in the Port Douglas area and other comparable locations.
“The history of works completed on the site would also be taken into consideration before a purchase price is determined,” he said.
“As the land is currently leased by Meridien Marinas Port Douglas Pty Ltd, it can apply to the State to convert the lease to freehold tenure, the land is not available for public tender or auction.”
Port Douglas Marina managing director Russel Mccart said they are negotiating with DERM but are in no rush to put a value on the freehold conversion.
“We don’t need an agreement with DERM to knock down our own buildings,” he said.
“We’ve got to get freehold and that will probably take the rest of the year, so we will start building (Stage One) next year sometime.
“We are demolishing the northern wing and revamping, re-tenanting and revitalising the waterfront.”