Sunrise Shops - Shop 6 Lease Renewal
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1Committee RecommendationCarried
Moved: Frank Wilkie · Seconded: Joe Jurisevic
That Council note the report by the Property Advisor - Commercial Property to the Services & Organisation Committee Meeting dated 7 November 2023:
A. Approve the lease renewal to Cartor Pty Ltd for Shop 6, Sunrise Shops for twelve (12) months commencing 28 April 2024.
B. Apply the exception to the requirement for tendering of the lease under Section 236 (1) (c) (iii) of the Local Government Regulation as the lease renewal is to the existing tenant.
Carried unanimously.
Official minutes · section 1
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| Committee Recommendation |
| Moved: | Cr Frank Wilkie |
| Seconded: | Cr Joe Jurisevic |
That Council note the report by the Property Advisor - Commercial Property to the Services & Organisation Committee Meeting dated 7 November 2023:
|
Carried unanimously. |
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Certainly, and good afternoon. The report in front of you today is seeking a one-year extension to an existing lease at Sunrise Shops, particularly in relation to shop 6, which is a bakery and café retail outlet. The current lease ends in April next year and we're seeking for a one-year extension. The reason for this is that over the past year at Sunrise Shops, we've had quite a few moving pieces, so to speak. We've had a new anchor tenancy established within the centre. We've had a number of small capital projects. We have Shop 7 currently being fit out for a new retail offering and we've had the roof and guttering replacement ongoing, which has been quite a big piece of capital work. Light in of that, we're looking to gain a period of operational stability, which will also give us some time to consider the future leasing strategy and tenancy offering at the site. Thank you.