Proposed Disposition of Land - Cafe at Old Settlement

Café Lease at the Old Settlement 

Shire of Augusta Margaret River
Proposed Disposition of Land 
Café – Old Settlement, Bussell Highway

The 2014 lease of the Café at the Old Settlement site in Margaret River is due to expire and the Shire proposes to enter into another lease with the existing tenant. Under the Local Government Act 1995 the Shire is required to give local public notice of any such proposed transaction. The details of the transaction are:
1. Description of Property: Portion of Reserve 39081, Bussell Highway, Margaret River, Old Settlement site – Cafe
2. Details of Disposition:
a) Names of the parties: Shire of Augusta Margaret River as Lessor and Paul Iles as trustee of the Iles Family Trust T/As The Hairy Marron as Lessee.
b) Consideration: Base rent to be paid by the Lessee is $32,000 per annum plus GST and outgoings with annual rent reviews.
c) Lease term: 5 years. 
d) Market Value of disposition as determined by an independent valuation dated 2 November 2023: $32,000 per annum excluding GST and outgoings.
e) Otherwise on standard commercial lease terms. 

Submissions are invited to the Chief Executive Officer, Shire of Augusta Margaret River, PO Box 61, Margaret River, WA 6285 or sent via email to [email protected] by 4pm Monday 27 May 2024.

Arthur Kyron
Chief Executive Officer
03 May 2024 Topic Type
Public Notice
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