Disposal of Property Section 3.58(3) Local Government Act 1995
Published on Friday, 29 November 2024 at 12:00:00 PM
The Shire of Murray hereby gives notice of a proposal to grant a lease to occupy a 6038m2 portion of vacant land located at Lot 38 Dollyup Street, Stake Hill (Food Innovation Precinct Western Australia) for a period of 5 years with further terms of 5-years plus 10-years, for the development, construction and operation of a 100% recyclable carton packaging facility.
At the Ordinary Council Meeting on 28 November 2024, a proposal was presented to dispose a portion of Lot 38 Dollyup Street, Stake Hill (Food Innovation Precinct Western Australia - FIPWA) being a portion of 6038m2 vacant land.
A market rental valuation determined the rental value of the subject land was $166.65 ex. GST, per m2 per annum.
This first year period is to be rent-free. The annual rent that is to commence 1 January 2026 will be 4% of the land valuation, being $40,250 ex GST, per annum with annual CPI review until the facility is built.
Once completed, the rent will be 8% of the current land value, being $80,500 ex GST, per annum with annual CPI review including calculated rent reviews, until 31 December 2028.
Rent for the period commencing 1 January 2029 is subject to a Market Rental Valuation.
Written submissions, addressed to the Shire of Murray Chief Executive Officer, PO Box 21, Pinjarra, 6208 or email mailbag@murray.wa.gov.au, on the proposed lease are invited.
The submission period closes at 2pm, Monday 16 December 2024.
Further information may be obtained by contacting the General Manager, FIPWA, Mr Chris Vas on 0410 327 609.
Dean Unsworth
Chief Executive Officer