A potential purchaser has been found for a $3 million council-owned commercial property in the hub of one of Tauranga's busiest road interchanges.
Council property manager Anthony Averill said a conditional sales contract was signed last week for the 7640sq m site in Marsh St.
The property which formerly held Placemakers and a tile business was originally purchased by the council as part of the acquisitions needed to build the second harbour bridge and flyover. Mr Averill hoped the contract would go unconditional in mid-February.
He was unable to disclose the identity of the purchaser or its potential use until the contract went unconditional.
There was speculation when Progressive Enterprises failed to win approval last month to build a Countdown supermarket at Bureta that it might switch its focus to acquiring the Marsh St site. Its plans for the Bureta Motor Inn site included a 4600sq m supermarket and carpark - a size easily accommodated by the Marsh St site.