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Wanneroo - Land Disposition - Proposal to Lease Portion of Lot 101 (3) Rocca Way

Community engagement has now closed. Comments were submitted from 20/02/2020 to 05/03/2020.

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LAND DISPOSITION - PROPOSAL TO LEASE PORTION OF LOT 101 (3) ROCCA WAY, WANNEROO
Retail Shops Lease of approximately 80m2

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 the following property as follows:

Lessee:                         Tracey Cottrell

Property:                      Portion of Lot 101 (3) Rocca Way, Wanneroo (Retail Shops Lease of approximately 80m2)

Term:                            Five (5) years commencing on 2 May 2020

Additional Term:         One option – Five (5) year term

Rental:                          $24,000 (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:  2 May 2025

Market Valuation:       $24,000 (plus GST) plus outgoings per annum

Written public submissions are invited on the proposed dispositions and should be addressed to:

Chief Executive Officer
City of Wanneroo
Locked Bag 1
Wanneroo WA 6946

Comments close:  4.30pm, 5 March 2020

DANIEL SIMMS
CHIEF EXECUTIVE OFFICER

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