Off the back of Colliers successful auction of councils Civic Centre carpark which boosted council’s coffers by $22.6 million, Colliers has sold another council-owned property at 17 Reynolds Road.<\/p>\n
The Belmont property comprised of a commercially leased ten-pin bowling centre, a maternal health centre and a car park sold at reserve price after being passed in at auction.<\/p>\n
Colliers senior executive Ben Young said the significant 15,605sqm of mixed-use land, the location and flexible zoning attracted considerable interest from local, Melbourne and interstate parties.<\/p>\n
“The large parcel of land in a growing residential pocket of Belmont with proximity to public transport, schools, Waurn Ponds Shopping Centre, Deakin University and Epworth hospital were all drawcards for several interested groups,” he said.<\/p>\n
Mayor Trent Sullivan said the sale would help the council reduce debt and fund community facilities in a difficult economic environment.<\/p>\n
“The sale is part of our long-term financial planning, with this property one of four assets we’d flagged for sale as part of our 2022\/23 budget,” Mayor Sullivan said.<\/p>\n
Two further council-owned properties are earmarked for sale this financial year, the Busport Car Park at 30-54 Brougham Street, Geelong and 200 Princes Highway, Corio containing a KFC.<\/p>\n","protected":false},"excerpt":{"rendered":"
Off the back of Colliers successful auction of councils Civic Centre carpark which boosted council’s coffers by $22.6 million, Colliers has sold another council-owned property at 17 Reynolds Road. The Belmont property comprised of a commercially leased ten-pin bowling centre, a maternal health centre and a car park sold at reserve price after being passed […]<\/p>\n