Proposed Revised Lease Term - Shop 7 Sunrise Shops
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The minuted decision sequence
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1Committee RecommendationCarried
Moved: Frank Wilkie · Seconded: Clare Stewart
That Council note the report by the Property Advisor – Commercial Property to the Services & Organisation Committee Meeting dated 9 May 2023 regarding the lease of Shop 7, Sunrise Shops and:
A. Agree to enter into a commercial lease of the premises to Luke and Kayla Marshall TA Butchers of Noosa for a five (5) year term;
B. Agree to an initial rent-free period of six (6) months; and
C. Authorise the CEO to award up to two (2) subsequent lease extensions each of five (5) years, subject to the Lessee complying with the terms of the lease.
Carried Unanimously.
Official minutes · section 1
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| Committee Recommendation |
| Moved: | Cr Frank Wilkie |
| Seconded: | Cr Clare Stewart |
That Council note the report by the Property Advisor – Commercial Property to the Services & Organisation Committee Meeting dated 9 May 2023 regarding the lease of Shop 7, Sunrise Shops and:
|
Carried Unanimously. |
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What was said?
Named discussion on NoosaWatch TV
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Thank you and good afternoon all. Yes, the report in front of you is relation in to the leasing of shop seven at the Sunrise Shops. In March of this year, a report was put in front of you recommending that Council enters into a lease with Butchers of Noosa for a period of five years with option periods of three years each. Subsequent to approval of that, we've been working through the actual lease preparation and the lessees have undergone further due diligence and they are now seeking to enter into a lease term of the same base period of five years but two extension periods of five years each rather than three. This is driven by their capital investment and advice that they have received from their financiers and financial team. So the report in front of you today is seeking a recommendation to the change in lease period only, no other terms and conditions.
1 suggested discussion start time
- 143.0 seconds on the council source timeline · Approximate discussion link. The end of the discussion is not yet confirmed.