The City of Greater
Geelong will advertise its intention to enter into a new 21-year lease
agreement with the current tenant of the Wharf Shed at 15 Eastern Beach Road,
Geelong.
Three Frothy Beers Pty
Ltd is tenanted to the site until 30 June 2028, but has asked for a more secure
lease to ensure return on its recent renovations to the restaurant, worth $1.5
million.
Council voted in
support of the advertisement last night and approved the lease, should no
submissions be received. If submissions are received, a hearing may be needed,
as well as a further report to council.
The business is on
Crown Land, which means the potential new lease would need Ministerial
approval.
In November last year,
the City advertised its intention to negotiate the new lease and received no
submissions.
Mayor Stephanie Asher:
This is a positive step
towards a potential 21-year lease with the site’s tenants, who have done an
amazing job refreshing the space and attracting more visitors to the stunning waterfront.
Councillor
Bruce Harwood – Deputy Chair, Central and Civic Geelong portfolio:
It’s
been good to see the new life the current tenant has breathed into this iconic
venue. The two operators are well known Geelong figures who have worked hard at
promoting our city on the hospitality scene. They’ve done an excellent job with
their renovations, so we hope their venture will be successful and continue a
great tradition on the waterfront.
