ALBURY Council is attempting to remove the road blocks to development of a prime piece of real estate in central Albury.
Accommodation, office space and medical facilities are some of the potential uses for the land bordering the rail corridor on Young Street including the former Allied Mills site.
But council this week agreed to negotiate the purchase of freehold land owned by Allied Mills and leasehold land owned by Australian Rail Track Corporation.
“The opportunity is there to create investment in this precinct,” mayor Kevin Mack said.
“It is prime land and backing onto rail land shouldn’t be an issue, but you can’t sell it to a commercial interest when they know they’ve got to spend $100,000 per year to maintain it on top of what they are paying for the freehold.
“There is interest, but we don’t know how long that interest will stay.”
If a sale can be clinched for the freehold and leasehold parcels of land next door to the former Bunnings warehouse building the council plans to on-sell the land for private sector development.
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Allied Mill operations in Albury ceased in January 2009 with operations transferred to Picton with a freehold sale at the time hoping to raise $1.6 million.
Council resisted pressure at the time to buy the site.
“It’s an eyesore but there is huge potential to create a positive impact and first impression of Albury,” Cr Mack said.
He said a sale could be executed within a month.
“This is one of the most significant corridors of vacant land in the CBD and we’ve been keen for some time to facilitate its release to open-up opportunities for development, creating jobs and stimulating the local economy,” he said.
The NSW Heritage Council decided against recommending the century-old flour mill building be listed on the State Heritage Register which paved the way for demolition.
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