LVRC sell surplus property assets
LOCKYER Valley Regional Council has moved forward with its decision to sell surplus property assets.
Following a tender process, council appointed the Ray White Group as the agent to sell the properties which will go to market with eight council owned properties in phase one of its Asset Realisation Program.
Locker Valley Mayor Cr Tanya Milligan said the decision to offload these properties was very easy.
“Let me make this point very clear, this is not a fire sale, the project is about getting our house in order,” she said.
“Council owns a number of parcels of land throughout the Lockyer Valley that are simply sitting idle and doing nothing for us except costing money through associated maintenance costs.
“We can either hang on to them and continue to throw money at them with no return, or sell them to investors and encourage further housing growth and development in the region while at the same time boosting council’s bottom line. “To us, the choice was easy.” The properties located at Helidon, Grantham, Glenore Grove, Kensington Grove and Gatton are being offered for sale through Clint Christison at Ray White Rural Gatton and Ray White Special Projects (Qld) Directors Mark Creevey and Tony Williams.
Mr Christison said the property portfolio was identified as being suitable for divestment in an assessment conducted for the Lockyer Valley Regional Council by planning and property consultants, Urbis.
“The properties will be marketed individually for sale as a component of a portfolio sale of surplus assets by Lockyer Valley Regional Council and boasting a variety of locations and product mix, I would anticipate a strong interest from the market,” he said.
A large parcel of land on Woodlands Rd will go to tender with a further seven properties offered for sale at an auction at the Lockyer Valley Cultural Centre from 6pm on Thursday, June 16, 2016. They include:
Lot 1, Seventeen Mile Rd, Helidon, a 4249sq m vacant residential lot.
8 Tryhorn St, Grantham, a 1582sq m vacant elevated residential lot.
2 Singh St, Grantham, a residential dwelling on a 1018sq m lot.
67 Forest Hill-Fernvale Rd, Glenore Grove, a 4452sq m lot.
69 Forest Hill-Fernvale Rd, Glenore Grove, a 4970sq m lot.
26 Bertrand Ave, Kensington Grove, a 1.024ha vacant rural residential lot. Lot 997 Wilkinson Place, Grantham, a 22.71ha vacant rural residential lot.
Council is also offering for sale via tender, about 19.46ha of vacant residential land at 168 Woodlands Rd, Gatton, with potential for residential development. Tenders close Wednesday, June 15, 2016. “Once this phase has been completed, Council is expected to look at further surplus properties that may be suitable for sale within the next 12 months or so,” Cr Milligan said.