Liverpool Landing Stage

Summary

The request sought details on annual fees, payment history, and cost projections for the Isle of Man's lease of Princes Half-Tide Dock in Liverpool. The Department of Infrastructure disclosed the ground rent, lease term, total payments made, and specific service charges, but stated that estimated life-term costs were not held.

Key Facts

• The ground rent for the lease is one peppercorn per annum.
• The sub-lease term is approximately 232 years and 6 months, running from November 2019 to April 2252.
• A total of £3.5 million has been paid so far, including £350,000 paid during the Agreement for Lease.
• The right to discharge into the Canal costs between £14,000 and £16,000 per annum.
• Mooring dolphin costs are currently approximately £40,000 per annum and will increase to £50,000.

Data Disclosed

• 2018-09-07
• 2022-05-11
• 2022-06-09
• 2019-11-08
• 2252-04-28
• 232 years and 6 months
• £3.5m
• £350,000
• £14k
• £16k
• £40,000
• £50,000
• 2440797

Original Request

On September 7 2018, the Manx government announced it had agreed a long-term leasehold ownership agreement for Princes Half-Tide Dock in Liverpool. I seek the publication of what annual fees (such as ground rent) are included in this deal, when they first became or become applicable, how much has been paid so far, what is the estimated life-term costs of these fees and by what terms would these fees increase?

Data Tables (1)

Full Response Text

Department of Infrastructure Sea Terminal Building, Douglas, Isle of Man, IM1 2RF

Contact: FOI Response Team Telephone: (01624) 686785 Email: dpo-doi@gov.im

Our ref: 2440797 9 June 2022

Dear ###

We write further to your request which was received on 11 May 2022 and which states:

"On September 7 2018, the Manx government announced it had agreed a long-term leasehold ownership agreement for Princes Half-Tide Dock in Liverpool. 1. I seek the publication of what annual fees (such as ground rent) are included in this deal, 2. when they first became or become applicable, 3. how much has been paid so far, 4. what is the estimated life-term costs of these fees 5. and by what terms would these fees increase?" Our response to your request is as follows: 1. One peppercorn per annum. Other annual fees include rates and service charge; however, they will not be known until the building has been completed. The right to discharge into the Canal is £14k - £16k per annum. 2. The sub-lease is for a period of approximately 232 years and 6 months, commencing on the 8th November 2019 and expiring on the 28th April 2252. 3. £3.5m has been paid so far, including £350,000 that was paid during the term of the Agreement for Lease. 4. ‘Estimated life-term costs’ are not held. 5. The ground rent (1 peppercorn per annum) does not increase, but other charges will. For example, the mooring dolphin costs are approximately £40,000 per annum and will increase to £50,000

Please quote the reference number 2440797 in any future communications. Your right to request a review

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