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HomeNews ExtraFuel station on market

Fuel station on market

A million dollar building in public ownership has now come on to the open market.

Wattle Range Council has called for expressions of interest in the purchase of the freehold of the service station on Adelaide Road.

The service station joins over 25 businesses and properties in the Millicent central business district which are either on the market or available for lease.

The closing date for expressions of interest is July 1.

The future ownership of the property has been the subject of debate in the council chamber earlier this year, with Wattle Range Councillor John Drew estimating the sale could fetch as much as $1m.

In addition to the suggested seven-figure sum, Cr Drew said the service station brought in $116,000 per annum to the council in lease fees.

The service station was the subject of a six-page staff report as well as 30 minutes of debate involving staff and councillors.

The current 20-year lease expires next year and council received an unsolicited offer from a Mount Gambier company to buy the freehold.

The staff report summarised the commercial dealings between local government and various lease-holders since 1958.

According to the report, council had the options of either selling the freehold of the service station via expressions of interest or securing another lease arrangement beyond 2021.

At the conclusion of the debate, council voted to seek expressions of interest for the sale of the freehold.

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