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Anonymous

Years ago

What's the latest on the Dome?

The adminsitrator has left the building - handing ownership back to Eddy Groves and sixers have leases with Eddy. All is good. Not sure if this in today's paper?

Reply #271885 Report this topic

Jack Toft

Years ago

Gazza,
the Dome is not in the middle of the reserve. The reserve is just the western area where cars park.

A quantity surveyor has been used to do the sums at a cost to a prospective buyer of over $30K.

Reply #271554 Report this topic

Jack Toft

Years ago

The Dome is actually worth more subdivided and sold as industrial blocks and from what I have heard, could happen.

The land is around 150 m x 185 m (2.8 Ha) and could be divided into around 40 odd 600 m2 residential blocks for around $210K each (@$350/m2), or 10 large lots @ $1M each (2,000 m2 @ $500/m2), or create a series of smaller industrial blocks (eg six) which house 6 units per block @ $500k per unit for an industrial estate.

The larger blocks would be ideal for a medium enterprise and the smaller ones ideal for a tradesman, car detailer etc

I reckon you could get the Dome for say $3M, demolish it, clean up & bulk earthworks for about $3-4M, then sell off.

Residential: $8.4M less around $8M in costs - wouldn't work
Large Blocks: $10M less around $7 in costs - $3M profit
Small Block: $18M less around $16M in costs - $2M profit

Depends if anyone wants to lend me money interest free. Some guy with a black leather jacket and writing on the back said he would with "reasonable interest rates", but wouldn't clarify what those terms would be.

Reply #271471 Report this topic

Anonymous

Years ago

Trams are running from Entertainment Centre to the city from today.
(I'd guess makes it a bit harder for events like concerts at the dome - which would be needed to be profitable.)

Reply #271467 Report this topic

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What's the latest on the Dome?

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