Akuna Street landholdings

• Project typeTender

Kiama Council will use a competitive and open tender process to sell its Akuna Street landholdings.

At the October 2021 Council meeting, Councillors resolved to begin the process of disposing of the landholdings by engaging a commercial agent to handle the tender.

A tender is required to sell Council property under the Local Government Act.

This will allow for due diligence, probity and conflicts of interest to be appropriately managed. Council will also engage a probity lawyer to provide oversight.

The final sale agreement will need to be submitted to Council for approval.

A tender will also provide Council, on behalf of our community, with the best financial return from any sale.

Future use of the land will be subject to the normal local and state government planning processes, and will be independent and unrelated to the sale.

This includes Council’s strategic planning for the Kiama CBD.

Council acknowledges and thanks those parties that have expressed an interest in acquiring the Akuna Street properties and encourages them to participate in the tender.

Council has appointed Savills Australia as the agent for the public tender. Here's how to put in an Expression of Interest to purchase Akuna Street landholding. 

The Expression of Interest to tender for Akuna Street landholding closed on 14 April 2022. We will update the public once a buyer is determined. 

The four lots to be sold are: 

Zone: B2 Local Centre

Zone: B2 Local Centre 

Zone: B2 Local Centre

Zone: B2 Local Centre 

Location

Akuna Street, KIAMA 2533  View Map

-34.670631,150.8529673

Akuna Street , KIAMA 2533

Akuna Street , KIAMA 2533

Akuna Street landholdings