The City of Cockburn previously advertised the Business Plan for the Lease of the Coogee Beach Caravan Park 3 Powell Road Coogee to Discovery Holiday Parks Pty Ltd.

Council resolved at the Ordinary Council meeting 10 June 2021 to proceed with the proposal subject to modifications to assist the tenants at the Coogee Beach Caravan Park.

Further statutory public advertising of the proposal is required under s3.58 of the Local Government Act 1995 allowing a period of 15 days to provide comments.

About the Lease

The Lease to Discovery Holiday Parks Pty Ltd includes:

• a 21 year term, with an option to renew for a further 21 year term;
• rent of $1,300,000 for years 1-3 of the lease, $1,150,000 for year 4, and thereafter the rent being the greater of the base rent of $300,000 or turnover rent;
• $4,000,000 to be spent by Discovery Holiday Parks on assets on behalf of the City; and
• clauses to assist the tenants of the Coogee Beach Caravan Park.

A recent valuation by a Licensed Valuer confirmed a value of $9,180,000.

The Business Plan that was previously advertised can be inspected at the City of Cockburn Administration offices at 9 Coleville Crescent, Spearwood.

Submissions

Anyone wishing to make a written submission on the proposal should do so by 5pm, Friday 19 November.

Submissions can be completed using the form below or emailed to [email protected] with the following details:

Chief Executive Officer
City of Cockburn
PO Box 1215
BIBRA LAKE DC WA 6965
Subject: Coogee Beach Caravan Park