A business plan for the City of Mandurah proposal to enter into a major land transaction with Reading Cinemas Pty Ltd (trading as Reading Cinemas) is available for public inspection or can be obtained from the City of Mandurah Administration Building, 3 Peel Street Mandurah between 8:30am - 4:30pm, any City of Mandurah Library, during hours of operation, or from the City of Mandurah Website www.mandurah.wa.gov.au
The business plan outlines the proposed lease with Reading Cinemas Pty Ltd for a portion of Lot 4265 on Plan 42132 (No. 7) James Service Place, Mandurah (Cinema Complex) for a term of 10+10 years at an annual rent of $730,000 per annum (ex GST), which is in line with the market valuation carried out on 29 July 2022.
Members of the public are invited to make submissions in relation to the proposed plan. Submissions can be made to the Chief Executive Officer, City of Mandurah, 3 Peel Street Mandurah WA 6210, or mailed to PO Box 210, Mandurah WA 6210 or Council@mandurah.wa.gov.au by Friday 18 November 2022.
Mark R Newman
Chief Executive Officer
