Interest grows in surplus land sale
INVESTORS and future home builders across the Bundaberg region are showing growing interest in the auction of surplus council land next week.
Bundaberg Regional Council Mayor Mal Forman said 25 blocks of land identified as surplus to Council requirements had been selected from the asset register for disposal.
"This is vacant land in various locations across the Bundaberg region that has no identified use to Council. The properties are not Council assets in the sense of buildings or infrastructure but simply land on which homes can be built.
"It is in the Council and community interest for Council to sell these properties and to commence to collect rates from them. Currently they generate no revenue for Council and are, in fact, a financial liability through a requirement for maintenance.
Cr Forman said Council had set "realistic" reserves for the properties.
"The reserves have been set in consultation with property specialists and reflect the current moderate price trends in real estate markets," Cr Forman said.
"Following the auction, the agents Synergy Property Specialists, will have exclusive marketing for three weeks prior to the any remaining allotments being open to listing by all agents."
Cr Forman said the spread of properties covered most areas of the region with land available in Woodgate, Buxton, Bullyard, Bingera, Avondale, Horse Camp and Welcome Creek. "Other properties are located closer to Bundaberg Central in the areas of Bargara and Woongarra.
"The auction will be held in the Function Room upstairs at the Council Administration Centre next Tuesday and Wednesday commencing at 10am each day."
Further information regarding the terms of sale and property inspections can be directed to Synergy Property Specialists on 41524200 or visit www.synergypropertyspecialists.com.au.