Clarence Valley Council auctions off its assets
NINE Clarence Valley Council properties valued at more than $5 million are about to go on the market.
The properties - five in South Grafton, three in Grafton and one in Maclean - will go to auction as part of the council's rationalisation of properties as it tries to become Fit For The Future.
At the extraordinary meeting held on October 27 after the Independent Pricing and Regulatory Tribunal found the council "not fit", councillors instructed general manager Scott Greensill to identify a minimum of $5 million of assets to be dispersed.
The listed properties include some that are surplus to requirements and others the council wants to lease back from the purchaser.
Some will become vacant when staff are moved into other council properties.
The properties to be auctioned are:
- 110 Spring St, South Grafton (commercial office)
- 70 Pound St, Grafton (commercial office)
- 32 Mulgi Dr, South Grafton (vacant land)
- Lilypool Rd, South Grafton (office, storage sheds)
- 33 Brickworks Ln, South Grafton (office, storage sheds)
- 1 McNaughton Pl, Maclean (commercial office)
- 11 Schwinghammer St, South Grafton (office, workshop, stores)
- 28 Bruce St, Grafton (office, storage sheds)
- 42 Victoria St, Grafton (commercial office)
The Spring St, South Grafton, property is the old regional library site, while the depots at Schwinghammer St and Bruce St and the office at Victoria St are the three properties the council wants to lease back.
The original plan was for the properties to be listed for sale with multiple agents, but Cr Andrew Baker successfully amended the recommendation to list the properties with a single agent and put them to auction.
If any of the properties do not meet the reserve price, the general manager and councillors yet to be decided will have authority to vary the price on the day.