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NT Government acquires $1.85 million rural property as cash, land quietly swap hands
SunSunday 20
updated
MonMonday 21
The NT Government says it intends to sell the site in about 12 months time.
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with money and land in an attempt to resolve a particularly tricky zoning issue.
Key points:
It also gave a business-owner a five-year lease over some undeveloped land, rent-free
A former politician has questioned the secrecy surrounding the deal
Land title records show the Government paid $1.85 million for a 2.5-hectare, four-bedroom property in Knuckey Lagoon, an upmarket rural suburb on Darwin s outer fringes.
The sale was one of three linked transactions on the same day in April this year, with a business called City Homes NT concurrently buying a new parcel of land in a different suburb and the Government gifting the business an adjoining one, rent-free.