2016-06-07 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                               7 JUNE 2016


6                        PROPOSED TRANSFER OF SHOP 6 LEASE SUNRISE NEIGHBOURHOOD SHOPPING
                         CENTRE 2 GRASSTREE CRT, SUNRISE BEACH
DOCUMENT INFORM AT ION




Author                           Property and Facilities Property Officer, Michelle Stirling
                                 Corporate Services Department

Index                            ECM/ Subject: 46.01 Lease / Application No: LEAS13/0017

Attachments                      Nil


EXECUTIVE SUMMARY
Not applicable

RECOMMENDATION
That Council note the report by the Property and Facilities Property Officer to the Services &
Organisation Committee Meeting dated 7 June 2016 and approve the proposed transfer of the
lease for Sunrise Neighbourhood Shopping Centre, Shop 6 – Bakery, from St Barbs Pty Ltd to
Cartor Pty Ltd.


REPORT
St Barbs Pty Ltd (the Lessee) has held the lease for Shop 6 at the Sunrise Neighbourhood
Shopping Centre since early 2003. The current lease expires 27 April 2019, with a 5 year option.

The Lessee has a contract of sale for the business. The sale is conditional on the lease
transferring to the proposed new business owner.

Accordingly, the purpose of this report is to seek Council approval to transfer the Shop 6 lease to
Cartor Pty Ltd. The proposed business owner has many years of experience as a baker, and in
fact has been operating the existing bakery at shop 6 since 2011 (they are a direct relative of the
existing lease holder).

The proposed new business owner has provided Council with documentation to support the
lease transfer request including references and financial information to allow an evaluation of
their suitably to enter into the lease. The documentation has been assessed and it has been
deemed appropriate to transfer the lease to the new business.

Subsequent to formal Council resolution a deed of assignment is to be executed by the current
lessee, the proposed new business owner and Council.

Previous Council Consideration

Nil

Finance & Risk

Nil




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