North Adelaide properties under contract

North Adelaide properties under contract

The LCANZ’s entire 1.9-hectare property at North Adelaide is under multiple contracts, with the total purchase price exceeding the various market evaluations.

The property was listed for sale in late March, with expressions of interest (EOI) closing on 15 May. All successful EOI applicants were assessed on predetermined selection criteria and have agreed to all LCANZ terms and conditions of sale.

Settlement conditions have been negotiated, with settlements for differing lots occurring over the next 48 months. Vacant possession will be provided over various sections of the site between July 2025 and July 2026.

Brett Hausler, Executive Officer of the Church, said that purchase contracts ‘will support the LCANZ in potentially purchasing a new building for the Churchwide office and ALC but also provide the opportunity for other Lutheran entities interested in co-locating’.

Potential locations for the new workplace for ALC and the Churchwide Office are being investigated. It is hoped that the new location will provide opportunities to actively streamline operations, create a collaborative and supportive workplace environment, and foster a living missional culture.

‘God has blessed the LCANZ with the outcome of this sale, which has exceeded our expectations’, Mr Hausler said. ‘We look forward to where God leads us next, as we explore options for the new home for ALC and the Churchwide Office, as well as investing the balance of the proceeds to continue to support the operations of the ALC as well as supporting mission and ministry across the LCANZ.’

Shared from LCA eNews, 7 August 2024.