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Wivenhoe Rates Auction a Success

SOMERSET Regional Council has successfully sold a property at auction to recover overdue rates.

The 6.4-hectare vacant property was located on the Brisbane Valley Highway, Wivenhoe Pocket near Cormorant Bay Parklands.

Somerset Mayor Graeme Lehmann said Council works hard with property owners to avoid holding overdue rate auctions.

“Unfortunately, on occasions there is just no alternative and one of the owners of this property was a deregistered company,” Cr Lehmann said.

“There was spirited bidding at the auction and we are grateful for the interest we received.

“Council will be able to recover around $20,000 in overdue rates and sale costs from the proceeds with the remainder of the proceeds to be distributed as per legislation.

“We are still working with the owners and mortgagees of eight other overdue rate properties and we hope to resolve these outstanding accounts and avoid auctions for these properties.”

Cr Lehmann said while the majority of ratepayers in Somerset do the right thing and pay their rates, some did not.

“Rates pay for vital services to be delivered to residents and visitors to our region including roads, public lighting, parks, emergency services, library services, waste management services and much more.”

The auction was held in Esk on 12 March 2019.