Community engagement has now closed. Comments were submitted from 22/02/2024 to 07/03/2024.
Information
LAND DISPOSITION - Proposal for Agreement for Lease and Ground Lease of Lot 10603 (3) Brazier Road, Yanchep 6035 WA (Old Yanchep Surf Club)
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: | Be Our Guest Holdings Pty Ltd (ACN 129 257 147) |
| Property: | Lot 10603 (3) Brazier Road, Yanchep 6035 WA |
| Term: | 21 years, commencing on the day following practical completion of the development. |
| Additional Term: | One option to renew for a further term of 21 years. |
| Permitted Use: | The construction, operation and maintenance of a licensed tavern (restricted licence), restaurant and café, retail (including ancillary retail), function centre and short stay accommodation. |
| Rental: | Ground lease net rental of $20,000 (plus GST) plus outgoings per annum. |
| Annual Rent Review: | 3% annually during the initial term and additional term (other than on a market rent review date). |
| Additional Tenant Contributions: | $5,000 (excluding GST) per annum throughout term of lease. |
| Market Rent Review: | The commencement date of the additional term and each fifth anniversary of that date thereafter. |
| Market Valuation: | $20,000 - 40,000 (plus GST) plus outgoings per annum (valuation dated 20 November 2023). |
| Incentives: | Rent free period of 2 years. No other incentives. |
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: 4pm Thursday, 7 March 2024
Bill Parker
Chief Executive Officer
Enquiries
- Name: Alex Dunn, Property Specialist - Property Projects
- Email: PropertyServicesMailbox@wanneroo.wa.gov.au
- Telephone: 08 9405 5000