Revocation of community land Rialto Street Morphett Vale

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PROPOSED REVOCATION OF COMMUNITY LAND

Consultation has closed. Thanks to everyone who provided feedback. We'll come back to you soon.

Background

It is proposed to revoke the classification of community land to enable the sale of the subject surplus land on the open market. We are seeking comments from the public in relation to the proposal to revoke and sell the subject land and to the three options (two involving subdivision), prior to Council further considering the revocation and open market sale proposal.

Option 1 - The subject land is subdivided into three equal sized allotments (of approximately 350 m2) which potentially maximises the net return received from sales (if approved by Council). The division would be similar to others undertaken in the vicinity that have resulted in the building of new residences, e.g. at adjacent 38 – 40 Trinity Road, Morphett Vale.

Option 2 - The subject land is subdivided into two equal sized allotments (of approximately 525 m2). This option is not expected to realise the highest financial return but still results in the building of two new residential dwellings.

Option 3 - No subdivision occurs, and the subject land is sold as a single allotment on the open market. It is anticipated that this option will result in the lowest financial return and passes any potential profit from subdividing the land in the future on to the purchaser.

Whilst the Council approved motion states that the land will be subdivided to create three allotments for sale, as part of the Council discussion it was agreed to undertake public consultation based on the alternatives of one allotment, two allotments and three allotments, to establish if the community has a particular preference.

As part of Council’s considerations on the revocation and disposal of the subject land, the opportunity to enter into a Land Management Agreement (LMA) to provide additional protection to the trees on the land is being considered. Even though the trees have been planted and are not endemic species, any public comment is sought on the option of a LMA will be considered.

It should be noted that an LMA can detract from the marketability of the subject land and reduce the net proceeds from the sale of the land, despite the long-term retention of the trees being dependent upon any development decisions of future purchaser/s.

FURTHER INFORMATION

HAVE YOUR SAY

Consultation closed on 17 July. We're now in the process of collating the feedback will and share the outcomes with you.

We will continue to update this page throughout the revocation process.


PROPOSED REVOCATION OF COMMUNITY LAND

Consultation has closed. Thanks to everyone who provided feedback. We'll come back to you soon.

Background

It is proposed to revoke the classification of community land to enable the sale of the subject surplus land on the open market. We are seeking comments from the public in relation to the proposal to revoke and sell the subject land and to the three options (two involving subdivision), prior to Council further considering the revocation and open market sale proposal.

Option 1 - The subject land is subdivided into three equal sized allotments (of approximately 350 m2) which potentially maximises the net return received from sales (if approved by Council). The division would be similar to others undertaken in the vicinity that have resulted in the building of new residences, e.g. at adjacent 38 – 40 Trinity Road, Morphett Vale.

Option 2 - The subject land is subdivided into two equal sized allotments (of approximately 525 m2). This option is not expected to realise the highest financial return but still results in the building of two new residential dwellings.

Option 3 - No subdivision occurs, and the subject land is sold as a single allotment on the open market. It is anticipated that this option will result in the lowest financial return and passes any potential profit from subdividing the land in the future on to the purchaser.

Whilst the Council approved motion states that the land will be subdivided to create three allotments for sale, as part of the Council discussion it was agreed to undertake public consultation based on the alternatives of one allotment, two allotments and three allotments, to establish if the community has a particular preference.

As part of Council’s considerations on the revocation and disposal of the subject land, the opportunity to enter into a Land Management Agreement (LMA) to provide additional protection to the trees on the land is being considered. Even though the trees have been planted and are not endemic species, any public comment is sought on the option of a LMA will be considered.

It should be noted that an LMA can detract from the marketability of the subject land and reduce the net proceeds from the sale of the land, despite the long-term retention of the trees being dependent upon any development decisions of future purchaser/s.

FURTHER INFORMATION

HAVE YOUR SAY

Consultation closed on 17 July. We're now in the process of collating the feedback will and share the outcomes with you.

We will continue to update this page throughout the revocation process.