9.14 Appendix 14: Land disposal

We own property for operational and infrastructure purposes and acquire property for the construction of road and maritime assets. Properties that are surplus to requirements are disposed of in accordance with NSW Government policy. Proceeds from property sales are used to support road safety initiatives and support and improve the State's road and maritime infrastructure.

In 2015-16 contracts were brought to account for the sale of 96 properties for a total value of $44.9 million (exclusive of GST). Of these, 13 properties were valued at more than $500,000 each totalling to a value of $34.14 million.

Table 38: Major land disposals in 2015-16
Property Total ($'m)
2 Burley Street, Lane Cove North 21.10
63-65 Cosgrove Road, Enfield 3.75
Off Limekilns Road, Kelso 1.60
43 Brunswick Way, Billinudgel 1.26
507 The Entrance Road, Erina Heights 1.25
11 North Street, Berry 0.81
239 New England Hwy, Beresfield 0.72
612 The Entrance Road, Wamberal 0.67
Tamarind Drive, Tintenbar 0.66
Wanniti Road, Belrose 0.62
Harry/Thompson/Green Streets, Belmont 0.60
Warabrook Boulevard, Warabrook 0.55
10 Stewarts River Road, Johns River 0.55

The properties listed in Table 38 were offered for sale by a publicly contestable process (Public Auction, Public Tender or a call for Expressions of Interest).

No properties were sold to people with a family or business connection to the person responsible for approving the disposal. Access to documents relating to the disposal of properties is available under the Government Information (Public Access) Act 2009.

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