TREASURY AND RESOURCES DEPARTMENT
PROPERTY HOLDINGS
Property Transaction for Ministerial Decision - Minister for Treasury and Resources
La Cr ête Quarry Shed, La Route de la C ôte, St Martin - Lease
15/404/3
Purpose
To request the Treasury and Resources Minister to authorise the drafting and signing of a nine year lease agreement between the Public and Mr Justin Surcouf trading as Ormer & Scallops of Jersey Limited for the demised premises known as La Crête Quarry Shed situated at La Crête Quarry, La Route de La Côte, St Martin.
Background
On the 1 August 2005 Mr J Surcouf took occupancy of the demised premises known as La Crête Quarry Shed situated at La Crête Quarry, La Route de La Côte, St Martin under a licence agreement to establish an Ormer hatchery. The trial period has been shown to be successful and as such the hatchery is to remain and the agreement is to be continued in the form of a new lease.
Current Situation
Terms and conditions have now been agreed for the lease with Mr Justin Surcouf trading as Ormer & Scallops of Jersey Limited on the following basis
LESSOR - The Public of the Island of Jersey
LESSEE - Mr Justin Surcouf trading as Ormer & Scallops of Jersey Limited,
DEMISED PREMISES - La Crête Quarry Shed situated at La Crête Quarry, La Route de La Côte, St Martin
TERM - Nine years to be deemed to commence from 1 August 2006.
RENT - The starting rental shall be £4,000 per annum paid quarterly in advance.
RENT REVIEW - The rent will be subject to a Jersey Retail Price Index review on the third and sixth anniversary of this agreement.
PERMITTED USE - The demised premise is to be used for storage and as a hatchery and any change will be subject to Lessor approval which will not be unreasonably withheld or delayed.
REPAIRS & MAINTENANCE - The Lessee shall be responsible for full repair and maintenance of the demised premises including decoration with the Lessor being responsible for keeping it wind and water tight and structurally sound.
ALIENATION - Sub-letting of the demised premises is not permitted. Assignment may take place with the Lessor’s prior written consent which shall not be unreasonably withheld or delayed.
INSURANCE - The Lessor shall maintain in force a building insurance policy, the Lessee maintaining in force a business and contents insurance policy. The Lessee shall also maintain in force a Public Liability policy for not less than £2,000,000 (two million pounds) in respect of any one occurrence or other such sum as the Lessor may reasonably require from time to time.
OCCUPATION COSTS - The Lessee shall be responsible for all costs associated with the occupation of the demised premises excluding foncier rates.
LEGAL COSTS - Each party to pay their own legal costs in relation to this transaction.
Recommendation
It is recommended that the Minister supports the decision to enter into a nine year lease between the Public and Mr Justin Surcouf trading as Ormer & Scallops of Jersey Limited for the demised premises known as La Crête Quarry Shed situated at La Crête Quarry, La Route de La Côte, St Martin.
Written By: (Paul Griffin)
Signature …………………………
Authorised By: (Paul Tucker)
Signature ………………………… 27 March 2006