Lease opportunity - Wyatt Park, Skate & Wheel Sports Facility - Lidcombe
Tender ID: 444855
Tender Details
Tender Description
Cumberland City Council (Council), in response to RFx091 is seeking submissions from appropriately qualified and experienced operators to provide a proposal to secure a long term lease with a potential term of up to 21 years to redevelop and operate the Wyatt Park Skate and Wheel Sports Facility located on the corner of Olympic Drive and Church Street, Lidcombe.
The proposed lease will be subject to annual fixed increases of 3% and market rent review at the end of year 5, 10, 15 & 20 year stage and upon expiry of the lease if the tenant remains in holdover.
Respondents are to provide a structured Business Case outlining the operation of the site over a short, medium and long term, which aligns with Cumberland Council’s Community Strategy and Open Space and Recreation Strategy and Draft Plan of Management.
Please note:
Leasing agreement will be drafted by the successful Tenderer, in consultation with and approved by Council.
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