Sur­plus block taken off slow mar­ket

Southern Gazette (South Perth) - - NEWS -

A RED­CLIFFE prop­erty that used to be a child­care and pre-pri­mary cen­tre and was ear­marked for an aged care fa­cil­ity will not be sold un­til the real es­tate mar­ket im­proves.

A staff re­port to last week’s City of Bel­mont coun­cil meet­ing had rec­om­mended that the prop­erty at 1 Grand Pa­rade be sold by pub­lic ten­der.

The re­port said the 6065sq m site was pre­vi­ously home to Bel­mont Child Care Cen­tre and Bel­may Pre-Pri­mary School. Both premises were de­mol­ished in early 2011.

“The site is zoned Res­i­den­tial R20, but as it is on a cor­ner, has the ca­pac­ity to at­tract a den­sity bonus to R30,” the re­port said.

“Pre­lim­i­nary in­ter­est has been shown in the prop­erty by a com­pany seek­ing to es­tab­lish an aged care fa­cil­ity in Bel­mont. Based on that in­ter­est, of­fi­cers would like to test the mar­ket by tak­ing the prop­erty to ten­der.”

It said the prop­erty was con­sid­ered sur­plus to the City’s needs.

“Given the size and zon­ing of the prop­erty, it is likely that ten­der re­spon­dents will seek to de­velop more than 10-12 standard sin­gle res­i­den­tial houses,” the re­port said.

It said the prop­erty had been val­ued at July 5 but the price was in­cluded in a con­fi­den­tial at­tach­ment and not re­vealed at the meet­ing. The coun­cil dis­cussed the is­sue and de­cided not to pro­ceed with the sale un­til the prop­erty mar­ket im­proved.

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