No bids for old library building

Date: 31 August 2013
The former Johnstone Shire Library on the corner of Rankin and Grace streets will go back on the market at a bargain basement price after it passed in at auction on Thursday without so much as a viable bid.

Registered bidders, including a handful of Innisfail business identities, did not raise a hand at the onsite auction as the property was passed in with a vendor’s bid by the mortgagee in possession, the ANZ Bank, of $690,000.

I expect them (ANZ) to say to us put it on the private treaty sale now at $690,000 as the price’,’’ First National Innisfail principal Ian Lewis said. It’s what surprised me today, the type of bidders today, the type of bidders that we had here, the business people of Innisfail, they’ve decided that it’s too dear.’’

Mr Lewis said he had approached the council about the prospect of buying back the building.

The answer I got was something to do with the Queensland Government recommended floor area for a library and this one doesn’t make it,’’ Mr Lewis said.

It’s bigger than where they are at the moment and it’s in pretty good nick.’’

Mayor Bill Shannon yesterday confirmed the building would not meet the building would not meet the size specifications for the proposed new regional library.

It’s not on our short list of alternatives for the library, but there’s no reason why we ought not to be aware that there’s a currently reduced price,’’ Cr Shannon said.

It is under the size that we need for the regional library.’’

Council has $3.24 million in the kitty to construct its new regional library and preliminary costings are being done for a facility to be positioned directly behind the Johnstone Shire Hall with frontage to Owen Street.

First National Real Estate Innisfail

Source: Innisfail Advocate, Innisfail, 31 Aug 2013
Back to articles Filed under: Media / QLD News Tags: first national real estate innisfail, ian lewis, innisfail
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