Clarence City Council has made a strategically significant investment for the future of the city, signing a sale agreement for the purchase of the office building at 30 Gordons Hill Road, Rosny.
Chief Executive Officer Ian Nelson said the acquisition was a strategic move in line with Council’s long-term vision for the Rosny CBD.
“As a building and property of significant size within the Clarence CBD it presents exciting opportunities for the city,” Mr Nelson said.
“Given its location, the property plays an important role in the draft City Heart Plan and the future of the Rosny CBD.
“This acquisition contributes to Council’s vision for developing a Civic Precinct as outlined in the Plan, as well as the broader strategy of revitalising and enhancing the heart of our city to support jobs, economic growth and the provision of services.
“This purchase represents one of the most significant investments Council has made in some time, and demonstrates how strategically important this site is to drive and support future CBD growth.”
Mr Nelson said council officers were currently progressing a business case as well as a needs and demand analysis to explore future development scenarios for the precinct, to inform future uses.
“We are currently developing a Community Hub, Administration and Civic Precinct business case along with a needs and demand analysis to look at possible scenarios for the future use and development of Council Chambers and this newly acquired property,” he said.
“We will have some more to say as the business case project progresses – there will also be community and stakeholder consultation as part of this project.”
In the interim, the building will continue to operate under existing tenancy agreements.
“Several government agencies currently have tenancy agreements with the previous owner through to the end of 2026 which we will be honouring and collecting revenue from while we investigate our future options.
Mr Nelson said the $23.5 million purchase was being funded through current cash holdings, meaning there was no impact on council’s current budget or rates.