Major Land Transaction
The Invitation to Comment Period has Closed
The Town of Cambridge is inviting the community to comment on the proposed disposal of land known as the Ocean Village Shopping Centre Car Park, Brompton Road, City Beach.
Map of location and surrounds
The proposed disposal consists of two portions of land excised from lot 241 Brompton Road, City Beach and includes;
• Area 1 – West Car Park (1,511m2); and
• Area 2 – East Car Park (2,176m2).
Site map
The Town of Cambridge owns the land freehold and proposes to subdivide the land and sell both lots to 3 Kilpa Crt City Beach Pty Ltd ACN 660 984 289 of Level 1/1050 Hay St, West Perth WA 6005 (Blackburn).
The Market Value of the land is $8,080,000 (as of May 2023), and the proposed consideration for the land is $8,900,000 (inclusive of approximately a 10 percent premium for the adjoining landowner).
In accordance with section 3.58 of the Local Government Act 1995 (WA), the Town is required to give public notice of the proposal. The Town invites community members to make a submission on the disposal of the land.
The Town will consider the submissions and provide a report to the next available Council Meeting. Council will review the report and decide as to whether to proceed with the transaction.
It must be noted, the proposal is the sale of the land and not about developing the land.
The Invitation to Comment Period Closed on Monday, 3 July 2023