Historically, the land the Cargo Shed occupied has been in the care of the Crown. Discussions about the future of this site were underway.
A Cargo Shed stall holder, who was named spokesperson by Cargo Shed management but did not want her name used as she was not on the board, said the organisation had been given 30 days' notice.
The Arts Market @ The Cargo Shed would open daily from 10am to 4pm until August 14, then would spend the next two weeks of its notice period packing up, the spokeswoman said.
What happened from there had not yet been decided.
"We just want to move first before making a decision."