Friday, June 21, 2024

NSW Govt buys Coffs carpark for new $55m workplace hub

City of Coffs Harbour Council has negotiated the sale of a public carpark in Coffs Harbour to the NSW Government for the construction of their new $55 million Workplace Hub.

The NSW Government had undertaken an Expression of Interest exercise for a site to build a new, 5,100m2 office block in the city centre to accommodate around 643 government staff from up to 26 existing State offices.

In November 2022, Council resolved to negotiate with the NSW Government and the site was subsequently sold for the market valuation of $3,894,000 including GST.

The land is currently used as a carpark with space for 89 vehicles. The Council resolution includes a provision for ongoing public parking within the site.

As part of the sale agreement, the NSW Government has agreed to lease the same number of parking spaces at the site to the City.

“Having a major government hub with a large workforce in the CBD is going to be a very significant economic boost for the City, City Centre businesses and the wider region,” said City of Coffs Harbour Mayor, Paul Amos.

“Just as importantly, we’ve also made sure that the current public car parking spaces will remain available.”

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