The City is progressing its plan to sell two identified surplus properties.
A tender has been released, seeking requests for proposals from agents to manage the sales of 21 Gheringhap Street, Geelong and 17 Reynolds Road, Belmont.
The properties will be sold with conditions of purchase, to ensure that community access to existing services continue into the future.
Proceeds of the sales will help deliver new and upgraded assets across Greater Geelong, and help maintain Council's financial sustainability.
Mayor Peter Murrihy
Selling these properties that are no longer needed by Council will help us cut our borrowing levels and bring forward investment in priority projects.
The two sites are the first of four properties that Council resolved to sell in 2022-23.
The other sites – 30-54 Brougham Street (Busport Car Park) and 200 Princes Highway, Corio – will be offered for sale later this financial year.
Finance Portfolio Chair, Councillor Anthony Aitken
We have strategically reviewed our assets and have identified some properties that don’t need to be under community ownership. The sales program will reduce the need to borrow even more money in coming years.
Request for proposals opened on 20 August and will be received until 9 September.
The properties are:
21 Gheringhap St, Geelong
The 4062.7 square metre property contains the Civic Centre Car Park, with 503 commercial car parks and four small retail stores.
It will include a condition of purchase that ensures commercial car parking - and the existing number of car spaces - is retained for a minimum of 10 years.
17 Reynolds Road, Belmont
The 1.561 hectares of land contains a ten-pin bowling centre with a commercial lease; a maternal health centre run by the City, and car parking.
It will include a condition of purchase that guarantees a 20-year lease for the Maternal Health Centre, so the service would not be impacted.