Albury Council Sells Property to Wodonga-Based Disability Support Service
What happened
Albury Council sold a former Lavington childcare centre as part of a property sale. The buyer was SITE Disability Services, a organization based in Wodonga. The purchase price was approximately $850,000, which was above the estimated value of $610,000 provided by Cotality RP Data. The sale was conducted through an expression of interest process managed by AW Commercial Real Estate on behalf of the council.
From bordermail.com.au
Why it matters
The property purchase allows the Wodonga-based service to establish a new activities centre for its clients. The transaction involved a premium of about $240,000 over the analyst's estimate of the location's value.
Albury events forecast to collaborate with Wodonga, while Murray King flagged proposals to tackle city debt.
From bordermail.com.au