Buyer in the wings for fuel depot site

April 29th, 2018 / / categories: 江苏夜网 /

TWO of Albury’s derelict Caltex petrol sites failed to sell at auction yesterday but a potential buyer has emerged for one of them.
Nanjing Night Net

Agent Mark Hawkins, of Link Real Estate, said yesterday that a businessman had expressed interest in buying the former Caltex fuel depot at the intersection of Olive and Abercorn streets in South Albury.

“He wants to talk to the council first,” Mr Hawkins said.

The depot was removed and the site cleaned up in 1996 but Caltex has been unable to sell it.

An auction a year ago drew no bidders despite claims the land was probably worth $300,000 as a commercial site.

There were no bidders for it yesterday either and the 3370-square- metre site will be advertised for private sale.

No bidders turned up either for an auction of the former service Ampol-Caltex station site at the intersection of Thurgoona and Pemberton streets.

It is believed this could fetch about $500,000 but there is a council restriction that prevents a purely residential development.

Mr Hawkins said the council would allow either a commercial development or a “shop top” configuration with dwellings located above shops or offices,.

The 2160-square- metre Thurgoona Street site, which closed about three years ago, will also be offered for private sale.

This story Administrator ready to work first appeared on Nanjing Night Net.

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