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The Grounds wins bid to operate Lagoon Restaurant in North Wollongong, replacing current operator after 20-year lease ends.
The Grounds, a Sydney-based hospitality company, has won the tender to take over the Lagoon Restaurant site in North Wollongong, replacing the current operator whose 20-year lease expires in July 2026.
The company submitted one of only two bids, with council staff recommending a five-year lease plus a five-year extension option due to strong commercial value.
The decision supports council goals to maximize returns on public assets and avoid future rate hikes.
The exact rent was not disclosed, and the final approval will be reviewed at an upcoming council meeting.
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The Grounds gana la oferta para operar Lagoon Restaurant en el norte de Wollongong, reemplazando al operador actual después de que finalice el contrato de arrendamiento de 20 años.