Stirling Council voted in favour of allowing Kailis a rent-free period of 12 months to enable the company to demolish parts of the building and make upgrades.
The proposed changes will go ahead if no other party submits a response to the proposed sub-lease and it is also subject to ministerial approval.
Stirling asset management manager Abena Altrams said the City would provide $20,000 toward the project as it would enhance the area.
‘To facilitate a significant investment of the tenant’s private capital into a prestigious facility available to members of the public, including tourists, the City is willing to contribute a maximum of no more than $20,000 towards ensuring that the gas, electricity and water supplying public infrastructures outside of the cafe are to acceptable standards,’ she said.
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READ NOWMs Altrams said the business would revitalise the coast for local residents and tourists.
Statutory and other requirements must now be complied with before the proposed sub-lease can be concluded, including the advertisement of the sub-lease for public comment.
Ms Altrams said the City had not recently received any other formal application to sub-lease the cafe property.