{"id":298980,"date":"2021-05-13T14:31:45","date_gmt":"2021-05-13T04:31:45","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=298980"},"modified":"2021-05-13T14:31:45","modified_gmt":"2021-05-13T04:31:45","slug":"prime-site-sparks-developer-interest","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2021\/05\/13\/prime-site-sparks-developer-interest\/","title":{"rendered":"Prime Site Sparks Developer Interest"},"content":{"rendered":"
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FLASHBACK: Soil being removed from the former Pound Street depot in July 2013 as part of the Council’s multi-year, $1 million decontamination effort to have the site taken off the State Contaminated Land Register<\/figcaption><\/figure>\n

May 13, 2021<\/strong><\/p>\n

Post-pandemic interest in regional real estate has revived the prospects of a sale for the South Burnett Regional Council’s former Pound Street depot.<\/p>\n

The site – between Kingaroy and Pound streets\u00a0– is the largest single block of land available for development next to any of the region’s CBDs.<\/p>\n

It was originally used as a works depot and cattle dip by the former Kingaroy Shire Council, but was closed in 2007.<\/p>\n

Soon afterwards the land was found to be heavily contaminated and it was listed on the State’s Contaminated Land Register.<\/p>\n

South Burnett Regional Council carried out a multi-year, $1 million decontamination of the site that concluded in January 2015 when the block was finally given the “all clear”.<\/p>\n

After this, Council hired Local Government Infrastructure Services (LGIS) to recommend options for the block\u2019s future use.<\/strong><\/p>\n

In late 2015 LGIS advised the site would be suitable for a major retail development; a commercial government office; a private hospital or day surgery; community housing and\/or aged care; a conference\/entertainment centre; or mixed use.<\/p>\n

Council has put the block on the market several times since then, but rejected all offers when none achieved its target price.<\/p>\n

It has also put the block out for tender about every two years, but a flat real estate market has not led to any improved offers.<\/p>\n

However, a recent upsurge of interest in Queensland’s regional property market may have changed things.<\/p>\n

At Wednesday’s standing committee meeting, Mayor Brett Otto said he had recently received approaches from several different developers keen to buy the site.<\/strong><\/p>\n

The companies want to use the location to build anything from multi-storey residential units to retail outlets.<\/p>\n

Mayor Otto said he was yet to return the calls he was received because he had asked Council staff to re-analyse the best uses for the site and deliver a report to him within a fortnight.<\/p>\n

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