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



Fight breaks out at Rose City Shoppingworld

Police were called just after 1pm.

A MAN has been charged after allegedly causing a ruckus

Extra backpacker beds for Stanthorpe

View of the Stanthorpe CBD from Mount Marley.

Stanthorpe will see a boost to accommodation for seasonal workers

Storms are coming! What it means for your long weekend

Yes, it's going to affect your long weekend

Local Partners

9000 reasons to support our community clubs

Community clubs are good at what they do. They are not so good at telling the world about what they do, as Clubs Queensland CEO Doug Flockhart explains.


Homer Simpson thanks Australia during Opera House visit

Homer Simpson visits the Sydney Opera House.

ANIMATION favourite gets attacked by seagulls in viral video.

Channel 9 orders second season of Doctor Doctor

Rodger Corser stars in the TV series Doctor Doctor.

RURAL medical drama finds a loyal following.

Katy Perry gets naked to encourage people to vote

Katy Perry in Funny Or Die sketch

Katy Perry has stripped naked for a comedy video

Jogging Tom Hanks crashes wedding in Central Park

Tom Hanks stopped for a selfie with this bride and groom

MOVIE REVIEW: Storks delivers family fun

A scene from the movie Storks.

ANIMATION can be hit or miss but when it hits, it hits hard.

Nick 'the snake' to call the shots on Survivor jury

Australian Survivor contestant Nick Iadanza.

LATEST evictee is out of the game but will still have a say.

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

Rural properties expected to soar as investors seek income

Rural properties are should become highly sought after

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

First stages of $25 million housing development underway

New development on Madsen Rd - The Springs.

The blocks of land are much bigger than usual

Couple build their own 'tiny house' for $45k

Holly Bowen and Oli Bucher built their "tiny house" themselves, only hiring a plumber and an electrician. Photo/supplied

The house, which is built on a trailer and can be towed.