Three blocks in Mulwala’s Industrial Estate have been sold, at sale values achieved for similar previous sales.
Lot 28 in McCarthy Drive has sold for $107,792.90 including GST, Lot 19 in Defence Drive fetched $90,132.90 and $83,830 was obtained for Lot 19, also in Defence Drive which will be formally reported at Federation Council’s monthly meeting tomorrow, June 29.
At that meeting, council will formally authorise the sale of the three blocks and the Common Seal of Council will be affixed to the contract and any additional documents.
At least two of the blocks have been sold to local residents. Mulwala-based Federation Council Local Representative Committee member Daryl Davey welcomed the news.
“It’s great for business for Mulwala,” he told the Yarrawonga Chronicle. “There will be more blocks coming on to the market with the extension of the industrial estate.
“The extension will encourage people to come to Mulwala. I believe more people are interested in coming to Mulwala which will be good.”
Construction works for stage one of the industrial estate extension have commenced, with extension of Defence Drive to Tocumwal Road.
Signs for revised speed zones in Tocumwal Road alongside the estate have been installed to the reduced 80kmh limit.
In other news, earthworks at Pool Avenue/Inglis Street carpark are expected to be completed and open to the public by June 30. Line marking and some signage will be undertaken after June 30.
“It’s all positive news for Mulwala and this of course is part of the long term $10M Mulwala Foreshore Plan,” Mr Davey said.
*Drivers must also be aware of the reduced speed signs by NSW Roads & Maritime Services, from 60 to 50kms per hour in Melbourne Street from the Yarrawonga-Mulwala traffic bridge right through to the town’s outskirts in Spring Drive, also noting the 40kms per hour school zones at designated times.