05-12-2019, 05:17 PM
It's a 0.35ha property, easily worth $3-4M once it's been remediated. Were there no existing building, remediation cost would likely be in the $500K to $2M range, but no one will really know until they check the soil contamination, which the current owner has not done.
It may be that it's not realistic to save the existing building. And it may be that development would be complex. But that does not excuse the behaviour of the current owners to date.
It may be that it's not realistic to save the existing building. And it may be that development would be complex. But that does not excuse the behaviour of the current owners to date.