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Major Land Transaction - Business Plan

Posted on September 20, 2018

The City of Bayswater currently has freehold ownership of Lot 16 on Diagram 75448 being the whole of the land in Certificate of Title Volume 1846 Folio 421 (situated at 30 Winifred Road, Bayswater) and Lot 386 on Plan 3404 being the whole of the land in Certificate of Title Volume 2183 Folio 697 (situated at 3 Bassendean Road, Bayswater) (together “the Land”) and is proposing to dispose of a leasehold interest in this Land by granting a long term lease of this Land to The Trust Company (Australia) Limited (ACN 000 000 993) as custodian and agent for Heathley Asset Management Limited as Responsible Entity of the Heathley Aged Care Property Fund No.1 (Lessee)  for the redevelopment of Mertome Village which is situated on this Land.

The City of Bayswater is currently the owner of the business assets associated with Mertome Village and is proposing to sell these business assets to Fresh Fields Management (Mertome Village) Pty Ltd  (ACN 628 672 239) who will also be subleasing the Land from the Lessee.

A Business Plan of this proposed long term Lease and the disposal of the business assets associated with Mertome Village has been prepared pursuant to s. 3.59 of the Local Government Act 1995.  A copy of this Business Plan may be inspected at, or obtained from, the Customer Services Centres at the City's Administration Centre, Morley; Morley Galleria; and The RISE; all of the City's libraries and the City's website www.bayswater.wa.gov.au.

Comments must be made in writing to:

City of Bayswater
PO Box 467
MORLEY  WA  6943
Or by email to mail@bayswater.wa.gov.au

For further information, contact the undersigned on (08) 9272 0620.Submissions close 4pm on 5 November 2018.

Andrew Brien

Chief Executive Officer

For more information refer to the Business Plan below.


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