Proposed Disposal of Property Section 3.58(3) Local Government Act 1995
Published on Wednesday, 19 June 2024 at 7:00:00 AM
At the Ordinary Council Meeting on 23 May 2024, a proposal was presented to dispose of a portion of Lot 38 Dollyup Street, Stake Hill to occupy a further 128m2 of the Innovation Centre in addition to their current lease agreement of 65m2.
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 the term and further term of the lease expiring 31 May 2033.
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 4 July 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