THE embattled Millicent and District Community Club precinct is set to go on the market next month.
Voluntary administrator David Kidman also revealed at last week’s meeting of creditors at the Davenport Street premises its estimated liabilities now stood at $450,000.
He said no proposal for a deed of company arrangement had come forward and he was proceeding with plans to sell its assets.
Mr Kidman is a partner with Adelaide insolvency firm Ferrier Hodgson and was appointed as the voluntary administrator by the club’s board of management on September 13.
Due to financial difficulties, the board had decided nine days earlier to close