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1240/5(5597)
WRITTEN QUESTION TO THE MINISTER FOR TRANSPORT AND TECHNICAL SERVICES BY SENATOR J.L. PERCHARD
ANSWER TO BE TABLED ON MONDAY 13th SEPTEMBER 2010
Question
Will the Minister advise whether Liberation Station is leased and, if so, will he advise –
- t helengthof the lease to which the Transportand Technical ServicesDepartment are committed?
- T he2010 rental liability?
- W hether the Department has agreed any rent increases in future years and, ifso,willhe provide details?
- W hetherthereis the possibility of any future overagepaymentsor miscellaneous costs payable to the lessor?
Answer
I can confirm that Liberation Station is leased from the Waterfront Enterprise Board (WEB) by the Public through Property Holdings, and can respond to the Senator's specific points as follows:
- T he current lease commencedon 30th September 2007 andis for a period of 9 years, terminating 29th September2016.
- T he2010 rental liability is £100,000.
- T he lease agreement provides for a 3 year rent review cycle, thelast"MarketRent" review was 30th September2009 and the agreed rate is set until 30th September2012.
- N o,none other than those set out in the leaseagreementwhich is on a fully insuring and repairing basis.