The two-storey building at 70 Pound Street, Grafton, up for sale by Clarence Valley Council. Photo: Adam Hourigan / The Daily Examiner
The two-storey building at 70 Pound Street, Grafton, up for sale by Clarence Valley Council. Photo: Adam Hourigan / The Daily Examiner Adam Hourigan

Building’s sale sure to give chambers a lift

THE sale of Clarence Valley Council's two-storey building on Pound St, Grafton could fund new lifts in the Prince St chambers.

The building, which was valued at $600,000, is across the road from Grafton Shoppingworld and houses council staff on the top floor and an employment and training facility for the disabled on the bottom floor.

A council report tabled at last night's committee meeting in Grafton said the funds could be used to make the Prince St chambers accessible to the disabled by installing lifts, and would also go towards refurbishing the library.

The report also said leasing the building would fund a $415,000 loan on a 15-year repayment.

Cr Margaret McKenna asked general manager Scott Greensill if this was a move to offload assets to which he replied it was a rationalisation of the council's assets.

Cr Jim Simmons said the property was already achieving a 9% return as a rental property when the market norm on an investment property was 5%.

He said the price might be too low and he would like to see it valued.

Councillors Jeremy Challacombe and Jason Kingsley spoke in favour of selling the building while Cr Challacombe said he was against leasing the building.

"We're not in the business of being real estate agents, we're trying to consolidate and I think we could use the money," he said.

Cr Simmons and Cr Karen Toms voted against selling the building but Crs Kingsley, Williamson and Challacombe voted in favour.

The decision will need to be ratified at the ordinary meeting next week.

Do you think Clarence Valley Council should sell its building at 70 Pound St, Grafton?

This poll ended on 15 March 2013.

Current Results

Yes

65%

No, they should keep it

19%

No, they should lease it out

15%

This is not a scientific poll. The results reflect only the opinions of those who chose to participate.



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