WOLLONGONG City Council has agreed to authorise the sale of a lot on the corner of Watts Lane and Bellambi Lane, Bellambi.
The lot, zoned light Industrial, currently houses three industrial warehouses, one of which is partially leased to the Northern Stars Swimming School.
The remaining warehouses are either vacant or being used by Council to temporarily store materials.
Deputy Lord Mayor Chris Connor said Council has received a number of offers from parties keen to purchase the site, even though it has not been actively marketing it for sale.
“Given this strong interest, we felt that the best course of action was to place the lot for sale on the open market by public auction, to ensure that we get the best price and ultimately the best value for the community, for it,” Cr Connor said.
Council rates will become payable on the site upon completion of the sale. The net proceeds from the sale will be used by Council for current budget commitments.
The sale will enable the site to be further developed and may provide opportunities for small businesses to set up in this area as part of an industrial business park.