Planning application at 2-16 Wynyard Street, Cleveland, QLD
Feb. 19, 2017, 7:02 a.m.
Hi Peter, Just this part now awaiting your information. "Regarding your questions on the property sale, I will also get you a formal response from officers. I do know however that the ratepayer received a great sale price considered at the high end of valuation." Brian
From Brian Whitelaw to local councillor Peter Mitchell
Dear Brian, Further detail as requested, Peter Mitchell
The land parcel 2-16 Wynyard Street, Cleveland workshopped by Council throughout 2014. This was followed by a Council resolution for the land to be transferred to Council to Redland Investment Corporation (RIC), on 10 December 2014. This site was transferred as it was identified as land that had the potential to generate a positive financial outcome to Council and the community, while providing stimulus for the rejuvenation of the Cleveland CBD Revitalisation Strategy and economic uplift.
An independent valuation was carried out to determine market value. The property was offered for sale, with three companies expressing and interest and making an offer to purchase. The company, which ended up purchasing the land was a willing buyer prepared to offer above market value to meet the requirement of his business and inject millions into our local economy. The local company that purchased the site, LJ Hooker, plans to establish a new office complex. It will provide the company with the opportunity to generate local employment in our community, while growing their business. This is a reflection of the confidence the company has for the growth in not just Cleveland, but the wider Redland economy
The company’s move to the new building will free-up car bays within the Cleveland CBD, with additional parking bays to be added at the Redland Performing Arts Centre.