A WA parliamentary question seeks details regarding valuations and the sale of the former Potato Marketing Corporation Headquarters in North Coogee. The answer provides valuation dates, amounts, the valuer, and the purchaser.

AnsweredQoN 5242Legislative Assembly
Asked
15 March 2016
Portfolio
Lands

QuestionView source ↗

I refer to the sale of the former Potato Marketing Corporation Headquarters in North Coogee and ask: (a) since 2010, how many valuations had been conducted for this site, and on what dates; (b) what was the estimated value on each occasion; (c) who conducted each valuation; and (d) who purchased this property?

AnswerView source ↗

Answered
10 May 2016
Responded by
Minister for Lands
Response time
56 days
(a)                   The Department of Lands has obtained three valuations since 2010 over this site
(b)
1.         Valuation conducted on 20 June 2014 and the estimated value was $4,500,000
2.         Valuation conducted on 1 August 2014 and the estimated value was $4,400,000
3.         Valuation conducted on 19 June 2015 and the estimated value was $4,400,000 under the Margin Scheme
(c)                    The valuations were conducted by the Office of the Valuer General at the Western Australian Land Information Authority (Landgate)
(d)                   The property was purchased by the Western Australian Land  Authority (LandCorp)

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