And then there was one
Down to final expression of interest in Ovens College site
EXPRESSIONS of interest for the final land parcel up for grabs on the former Ovens College site have been pared down to one.
From an initial three proposals in August, the Rural City of Wangaratta is now working with a Sydney-based party, with local real estate agents Garry Nash & Co conducting the EOI process.
The 2.595 hectare land parcel, currently owned by council, has frontages to both Greta and Vincent roads, includes various former college buildings, and abuts the electricity sub-station on the corner of Greta and Vincent roads.
An adjoining three hectares of the former college site is in the process of being sold to the State Government, which plans to build a 30 bed alcohol and other drugs residential rehabilitation centre to service the Hume region.
Another acre of land fronting Handley Street, adjoining the Wangaratta Fire Station, will be home to a new Wangaratta SES unit headquarters; council is leasing this land to the SES.
“We are still working through with one of the interested parties,” Mike Noble from Garry Nash & Co said.
“It’s a matter of just working through what their plans are for the site, if it meets with the zoning requirements, and whether council is happy.”
Mr Noble said there was a restriction on uses under the land’s special six zoning, with a caveat placed on the land when it was purchased from the State Government requiring that its intended use be for community benefit or educational purposes.
He said while the EOI applicants were well-advanced in their due diligence work, the process would likely still continue for some months into 2019.
“If we can get both parties in agreement, we will go to contract,” Mr Noble said.