Rent derails Station future
BUSINESS incubator Business Station has told the City of Canning it will not continue its lease in Welshpool after it expires in September, paving the way for the City to look for more profitable uses for the site.
The council discussed a report on incubation services in the City of Canning on July 17 after deferring the matter three times since March while the future of Business Station was negotiated.
Business Station told the City on July 6 it would not renew its lease.
Business Station chief executive Kim Charles told the Canning Times in June that the City was asking for rent the not-for-profit group could not afford.
Councillors voted 10-1 to move business incubation services into local libraries such as Riverton – which it will soon close for seven weeks for refurbishment from August 3 – and take rent directly from the businesses that had been at the Welshpool Business Enterprise Centre. It will allow all licensees to be given at least six months notice of any requirement to vacate if it finds a different long-term use for the site.
Business Station did not feel moving its services to libraries would be a good fit.
As manager of the WBEC for the past year, Business Station had enabled fledgling businesses to enjoy subsidised rent. However, this included some businesses that had been given long-term subsidies.
Lot 800 Murray Street South in Welshpool, which the WBEC currently occupies, has been valued at $13.2 million.