DERM yet to re­ceive an ap­pli­ca­tion for free­hold

Port Douglas & Mossman Gazette - - NEWS -

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.”

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