Property Management

Subdivision marketing under review

The Clutha District Council has reviewed marketing its proposed south Balclutha subdivision after very few tenders were received for the project's first sections.

Monday, December 22nd 2003

Council chief executive Ciaran Keogh declined to say how many tenders had been lodged before Thursday's close-off - "not enough to get us away" - but confirmed the first 17 sections would now be marketed individually, with set prices. They will range from $30,000 up to $70,000 for the "real plum ones."

The sections vary in size from about 500sq m to 990sq m.

CRT Real Estate will continue to market the land for the next six weeks before the council revisits the matter again.

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