TREASURY AND RESOURCES DEPARTMENT
PROPERTY HOLDINGS
Property Transaction for Ministerial Decision - Minister for Treasury and Resources
Warren Farm, Le Chemin de Noirmont, St Brelade
PG 754/1
Proposed Transaction
Terms and conditions have been agreed between the Public of the Island and Mr Alan Rabet in relation to the property known as Warren Farm, Le Chemin de Noirmont, St Brelade. The demised premises comprise the farmhouse, farm buildings, with open courtyard and garden area and Fields 684, 686, 689, 690 and 693 measuring approximately 45 vergees.
The lease shall be for a period of 25 years, to commence on a date to be agreed between the parties, upon fully repairing terms. The lessee shall have the right to serve 12 months written notice on the lessor at anytime to terminate the agreement.
The rental shall be the market value of the demised premises, having regard to the lessee’s improvements. A rent free period will be granted during the first 5 years of the agreement to allow for the refurbishment of the demised premises in accordance with an agreed schedule of works.
On expiry of the 25 years, the lessee shall be given the option to renew the agreement for a further term of 25 years, on the same terms and conditions save as to the rent and option to renew. The new rent will be reviewed to market value of the property at the time taking account of the terms of the lease.
Following the initial refurbishment programme the demised premises shall be used for bona fide agricultural purposes, including an agricultural residential unit or such uses that shall be agreed in writing with the lessor, such consent shall be at the absolute discretion of the lessor having regard to the 1950 restrictive covenant and the proposed SSI status of the demised premises.
Field 684 is a designated SSI so will be grazed only in accordance with the management principles agreed with the Environment Division.
Assignment of the lease shall not be permitted, however, subletting or licensing of part of the residential unit may be permitted with the prior written consent of the lessor.
Recommendation
It is recommended that the Public enter into a lease with Mr Alan Rabet for Warren Farm and Fields 684, 686, 689, 690 and 693.
Written By: Paul Griffin
Signature …………………………
Authorised By: (Director/Assistant Director PH)
Signature ………………………… 17 May 2007