Bega Valley Shire Council has finalised the sale of the Bega Valley Regional Learning Centre, behind the Lakeview Hotel in Merimbula.
Council’s CEO, Anthony McMahon said Councillors unanimously agreed to move ahead with the sale of the property after receiving a formal offer to purchase the property last year.
“The centre offered a variety of permanent office space leased to businesses, a co-workspace and hireable meeting rooms. It was sold for $3,300,000,” Mr McMahon said.
“The new owners have renamed the property The Cabarita Hub and the venue has its own new website”.
“The proceeds from the sale of the centre will be placed in an internally restricted reserve that will be used for future development or reinvestment into Council property.”
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