Council pays less than asking price
Thursday, January 9, 2020
Murrindindi Shire Council has paid less than the $280,000 asking price for a property at Marysville.
The considered the proposed purchase of 2A Murchison Street Marysville as part of the confidential (closed) section of a Council meeting late last year.
The land comprising 225m2 was privately owned, and has a development approval for a café and Alfresco dining area, which would take up the majority of the site.
The land is zoned Commercial 1 under the Murrindindi Planning Scheme and currently rated as vacant land.
It was listed at a price of $280,000 with Murchison and Darwin Street frontage, overlooking Steavenson River and Settlers Park, with plans in place for a Café.
Council identified that as vacant land, it provides strong visual amenity to a backdrop of parklands that compliments Marysville’s streetscape and its picturesque status as a visitor attraction.
Council had concerns that the loss of the visual amenity and awareness of the many community events that occur on the adjoining parklands could be detrimental to the town, if the development of the land was to occur.
The vacant land is not fenced and has been maintained by Council as part of the adjoining parkland since the 2009 Bushfires and the re-alignment of Darwin Street which occurred as part of the rebuild of the Marysville streetscape.
“In accordance with its confidential resolution of October 23 2019, Council purchased the land for an amount that was within the valuation estimate provided by Council’s valuer and less than the asking price.,” Council Minutes state.
“Settlement has now occurred and the property is in Council’s ownership and will be retained as community parkland.”