Page 2515 - Week 09 - Thursday, 17 September 1992
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MINISTER FOR HOUSING AND COMMUNITY SERVICES
LEGISLATIVE ASSEMBLY QUESTION
QUESTION NO 347
Housing Trust - Manuka Property
MR CORNWELL: Asked the Minister for Housing and Community Services
(1) Is it a fact that the No 23 Murray Crescent, Manuka, property is owned by the ACT Housing Trust.
(2) Is this property burnt out and if so, approximately when did this fire occur.
(3) What is the estimated UCV of this site.
(4) Why has the property been left derelict since the fire.
MR CONNOLLY: The answer to the Members question is as follows -
(1) Yes
(2) The property was extensively damaged by fire in 1989.
(3) The estimated UCV of the site at 1 July 1992 was $136,000.
(4) The Housing Trust originally intended to redevelop some properties in the area for non-retail commercial uses and to lease them as a source of rental income while preserving the capital base of the assets. A cost benefit analysis indicated that this was the best financial option for the Housing Trust.
The house at 23 Murray Crescent, Manuka, was not repaired at the time because it was felt that the estimated $60,000 cost of repairs could not be justified in the light of these plans.
The plans were abandoned in 1992 when a decision was mad; to seek a lease purpose variation and sell the properties at 23 and 27 Murray Crescent, Manuka by auction. The properties will be scheduled for auction as soon as the outcome of the application to vary the lease purpose clause is known.
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