Proposed Disposal of Property Section 3.58(3) Local Government Act 1995
Published on Wednesday, 17 April 2024 at 8:00:00 AM
At the Ordinary Council Meeting on 21 March 2024, a proposal was presented to dispose of a portion of Lot 38 Dollyup Street, Stake Hill to occupy a further 24m2 of the Innovation Centre in addition to their current lease agreement of 41m2 by way of a lease variation.
A market rental valuation dated 20 July 2021 determined the rental value of the separable portion comprising the Innovation Centre was $150 per m2 per annum.
Groundswell Drive Thru Pty Ltd’s current Lease commenced 1 June 2023 for 41m2 of the Innovation Centre. The annual rent commenced at $110 (ex GST) per m2 per annum, plus an annual review based on the Perth (All Groups) Consumer Price Index for a 5-year rental term with a 5-year rental option period being available based on a market rental valuation by a licenced property valuer.
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 variation are invited. The submission period closes at 2pm, Thursday 2 May 2024.
Further information may be obtained by contacting the Shire’s Manager Governance and Strategy, Mr David Bentley on 08 9531 7638.
Dean Unsworth
Chief Executive Officer