Colac Otway Shire Council has agreed to the method of sale of a former Apollo Bay preschool – with the proceeds to go toward new early learning facilities and the provision of affordable housing.
At its meeting this week, Council determined to submit an offer to Homes Victoria to purchase the site for affordable housing for key and essential workers through the Regional Purchase Program.
Council says the sale of 69 McLachlan Street – the coastal town’s former preschool – includes the proviso that any profits from the sale that are not already committed to the new Kindergarten and Early Years Hub, be earmarked for funding the new centre’s childcare component.
“Affordable housing for key workers is a significant challenge for our coastal community and Council anticipates that a purchase of the site by Homes Victoria would be a small step in meeting the need for affordable housing in Apollo Bay,” said Deputy Mayor, Graham Costin.
Should Homes Victoria not take up the offer, the property will instead be sold by auction on the open market.
“The community has put a huge amount into this property, so it’s only reasonable they get some return back for their kids,” said Cr Costin.
“As a Council, we agreed childcare is a very important part of the economy of Apollo Bay and will be increasingly important to this community if it is to thrive and grow,” added Councillor Margaret White.
The sale is scheduled to be completed before the end of 2022.
