Property

Council land sell-off could save financial situation

UNDER CONTRACT: The Southern Downs Regional Council has confirmed a prime piece of commercial land on the corner of Albion and Fitzroy Sts is under contract.
UNDER CONTRACT: The Southern Downs Regional Council has confirmed a prime piece of commercial land on the corner of Albion and Fitzroy Sts is under contract. Jayden Brown

AS MANY as 25 blocks of vacant council-owned land could be on the chopping block as the Southern Downs Regional Council looks to boost its financial position.

According to real estate statistics obtained by the Daily News, the council owns more than 110 properties in the Warwick area alone.

That figure includes parks and buildings, as well as vacant rural and commercial blocks.

In 2015 the council moved to begin selling off a number of vacant properties, including a prime commercial block on the corner of Albion and Fitzroy Sts.

The 2436sq m block, which sits opposite the council chambers in Warwick, was purchased by the council from Telstra for $275,000 in 2005.

It has now been placed under contract at an undisclosed price.

Another block at Owen Scrub Rd in Leyburn has also been sold by the council.

The 13.35ha parcel of land sold for $35,000 plus GST.

It's likely more blocks will be sold before the end of the year.

CEO David Keenan has confirmed the council was looking at potentially selling a number of other properties.

"There are approximately 20-25 lots that have the potential to be sold, ranging from rural lots to vacant land in urban environments," he said.

"Many of the sites have constraints.

"Council must undertake a valuation for the land before disposing of the land."

The sales could potentially inject millions of dollars into the council's budgets, with a final estimate yet to be calculated.

Mr Keenan said no money had been placed in the budget or forecasted for the sale of land.

"Funds received by council from the disposal of land will be reported back to council into the second or third quarter budget review," he said.

The move to cut back the council's property portfolio has been welcomed by real estate agent and councillor candidate Trevor Devine.

Mr Devine has long advocated for the council to dispose of property not being used.

"Finally someone has woken up - it's the way to go," he said. "Every one you sell is one more lot of rates you'll collect."

According to Mr Devine, the CEO's figure of 20 to 25 lots was just the tip of the iceberg.

"There's quite a few buildings and other council-owned land in Warwick and Stanthorpe - all around the shire - that could be sold," he said.

Topics:  council, financial, real estate, southern downs, warwick




Driver refuses blood test after Southern Downs crash

Fire crews are rushing to rescue to men trapped in a vehicle.

Driver refuses to give blood sample after late night crash

60 year-old woman thought missing in rugged wilderness

Suzanne Coghill is missing, last seen at a property on Hardcastle Rd

Police hold concerns for safety of missing 60 year-old woman

Latest deals and offers

MOVIE REVIEW: War Dogs tells a fascinating true story

Miles Teller and Jonah Hill in a scene from the movie War Dogs.

DARKLY funny film examines the business side of the war on terror.

Marvel-ous: Thor actors visit sick kids at Lady Cilento

Stars of Thor: Ragnarok dropped in on patients at the hospital

Folk singer looking forward to her Gympie Muster debut

Alternative country folk singer Fanny Lumsden will perform at the Gympie Muster.

FANNY Lumsden to serenade new fans with her country hall-style show.

Patti Smith confirmed for Bluesfest 2017

CONFIRMED: US singer Patti Smith performing in Switzerland last year.

Find out who else in the first line up announcement

Angie and Yvie ready to toast The Bachelor on Gogglebox

Angie and Yvie in a scene from the TV series Gogglebox.

ALL the regulars return in TV show about people watching TV.

Morgan Freeman asks: are we alone? Why do humans exist?

Morgan Freeman in Through the Wormhole. Photo: Discovery Science

Question all you thought you knew, on Foxtel.

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

$100m plan for Curtis Island 'world class' luxury resort

$100 million resort: Top views at Turtle Street at Curtis Island.

"At the moment we think it meets all the town planning approvals.”

Coast building approvals at seven-year high: report

The the 2015/16 Development Indicators Annual Highlights Report documents local development activity that took place during the last financial year.

New report shows increasing development on the Sunshine Coast

Top honours for Mackay and Whitsunday builders

The Kerrisdale Gardens property from Paynter Dixon Queensland which won them Project of the Year.

Mackay and Whitsunday builders awarded top honours last night.

Investors eye Gladstone's $4m island with resort approval

UP FOR SALE: Turtle Island is on the market.

CHINESE and Sydney investors flag interest in Gladstone island.