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



How to do Eat Street the right way

EVERYTHING you need to know to get the most out of your Eat Street experience and to avoid a food coma when you’re only one stall deep.

Don’t go chasing waterfalls…find them on these drives!

The Scenic Rim is just one place nearby that you'll love.

BRISBANE isn’t all bright lights and city slickers.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Top five things to experience this summer in Brisbane

Tangalooma is amazing if you're keen for a dive, kayak or swim.

THIS summer get out and explore your capital city.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Community cervix announcement: New test will save lives

The new cervical screening test will be available for all Australian women aged 25 to 74 in late 2017.

CANCER Council Queensland has backed new cervical cancer screening.

Warwick student given 'herb grinder' as reward

Don't go jumping to conclusions.

A joint decision was made to confiscate the 'cool toy'.

Tony Abbott: Coalition in danger of becoming ‘Labor lite’

If only six members had changed their vote we would still have Tony Abbott as PM.

Abbott says he is disappointed and disillusioned with the government

Local Partners

Killarney tips record turnout for show

Utes, livestock, Lego and sunshine are tipped to attract a record crowd at the Killarney Show.


REVIEW: Under the Gun doco looks at right to bear arms

ARMED: A still from the 2016 documentary film Under the Gun by Stephanie Soechtig.

An in-depth look into America's gun culture.

Collegians to kick off footy season next week

Collegians coaches (from left) Deb Scanlan, Garth Miller, Ben Brownlie, Matt Collins (U9 assistant), David Hallman, Kerry Scanlan, Josh Williams, Bob Bell, Craig Frattini and Scott Morton.

Plenty of experience in Collegians coaching ranks

Messing with your head

MIND BLOWN: What could be weirder than the realisation that we have another completely separate brain and nervous system than the one originating in our heads?

Fascinating connection between your gut and your brain

Living End, Grinspoon stars hit stage for American Idiot

GET a sneak peek at Green Day's American Idiot The Musical as we go behind the scenes to meet the stars at a QPAC rehearsal.

Samuel L Jackson dismisses La La Land ahead of Oscars

Ryan Gosling and Emma Stone in a scene from the movie La La Land.

Hollywood actor and Oscars voter says Denzel should win top gong

Live performance of Sci-fi classic to open Science Festival

Qld Symphony Orchestra perform live to 2001: A Space Odyssey.

Festival will host A Live Presentation of 2001: A Space Odyssey.

Former Family Matters stare accused of child abuse

Reginald VelJohnson, left, and Darius McCrary arrive at the TV Land Awards on Sunday, April 19, 2009 in Universal City, Calif.

Darius McCrary has been accused of child abuse

Bindi Irwin's birthday tribute to her dad

Bindi Irwin

Bindi Irwin has paid tribute to her dad on his 55th birthday

Reality TV show gives Maryborough a boost

*WARNING EMBARGOED until 9.15pm Monday January 30* Sean Hollands and Susan Rawlings pictured after their wedding on the TV series Married At First Sight. Supplied by Channel 9.

Maryborough looks good on reality TV show.

Buderim dad rejects gay son's emotional plea for second time

LOVERS: Grant and Chris have been together for more than three years, and Chris' parents refuse to acknowledge their son's fiance.

Son’s emotional plea rejected again by unmoved father

$140k damage: landlord says property trashed, contaminated

He had what he calls "the tenants from hell"

Submarine, buses and 3000 tyres removed in $100K clean up

The list of things removed from this property is beyond astonishing

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Ipswich facing housing shortage: Property expert

Matusik Property Insights director Michael Matusik.

What's next for the city's housing market

Ready to SELL your property?

Post Your Ad Here!