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1240/5(5598)
WRITTEN QUESTION TO THE MINISTER FOR ECONOMIC DEVELOPMENT BY SENATOR J.L. PERCHARD
ANSWER TO BE TABLED ON MONDAY 13th SEPTEMBER 2010
Question
Will the Minister advise whether the Jersey Tourism building in Liberation Place is leased and, if so, will he advise –
- the lengthof the lease the EconomicDevelopmentDepartment is committed to?
- The 2010 rental liability?
- W h e ther the Department has agreed any rent increases in future years and ifso will he provide details?
- W h e ther thereis the possibility ofany future overage payments ormiscellaneouscosts payable to the lessor?
Answer
I can confirm that the Jersey Tourism Office at Liberty Wharf is leased from "Islands Developments Limited" by the Public through Property Holdings, and can respond to your specific points as follows:
- T he current leasecommencedon 1st July 2007and is for a periodof21years, terminating 30th June 2028.
- T he2010 rental liability is £109,300
- T he lease agreement provides for a JRPI rent review this year and once again in 2013, with three yearly "MarketRent" reviews thereafter.
- N o,none other than those set out in the leaseagreementwhich is on a fully insuring and repairing basis