The subdivision of the current leasehold properties in Cape Burney is one-step closer with the tender to construct road, drainage, sewer, water, power and lighting works awarded at Tuesday’s Council meeting.
The $1.2 million project to subdivide the 23 lots located on Gaskin Drive was awarded to BMD Urban Pty Ltd a national company with extensive experience in lot subdivision and development.
City of Greater Geraldton Mayor Shane Van Styn said once the works are completed residents will finally have closure on the legacy project, which dates back to 2005 before the amalgamation of Greenough Shire with Geraldton City.
“For more than 14 years leaseholders have been waiting for the leased land on which their homes stand to be subdivided into freehold residential titles,” he said.
“Following Council’s resolution in February 2018 to subdivide a portion of Lot 200, leaseholders have entered contract agreements with the City and made prepayments to purchase their individual lots.
“This is a very satisfying outcome for the community which has enabled all former leaseholders to continue to live in their homes with the added security of finally owning their properties.”
All costs associated with the design, construction and development phases of the subdivision will be funded by the sale of the lots.