LAND DISPOSITION - Proposal to Lease & Licence Part of Lot 101 (3) Rocca Way, Wanneroo
Notice is hereby given in accordance with Section 3.58(3) of the Local Government Act 1995 that the City of Wanneroo proposes to dispose of a portion of the following property as follows:
Lessee: Manumalo Pty Ltd (ACN 137 762 826) as trustee for the Aiga Family Trust (and trading as Café Elixir)
Property: Portion of Lot 101 (3) Rocca Way, Wanneroo
- Retail Shops Lease of approximately 257m2; and
- Non-exlusive Licence of approximately 22m2.
Term: Five (5) years commencing on the execution of the Lease & Licence
Additional Term: One option - five (5) year term
Rental: $71,000 (plus GST) plus outgoings per annum
Annual Rent Review: Fixed 3% rental increase per annum during the Term and any Additional Term (other than on a Market Rent Review date).
Market Rent Review: Commencement date of the Additional Term
Market Valuation: $71,000 (plus GST) plus outgoings per annum.
Written public submissions are invited on the proposed disposition and should be addressed to:
Chief Executive Officer
City of Wanneroo
Locked Bag 1
Wanneroo WA 6946
Comments close: 4.30pm, 7 January 2020
CHIEF EXECUTIVE OFFICER