Leasing Terms

LEASE COMMENCEMENT: Target date for lease commencement and tenant fit out estimated October 2019, subject to construction completion.

GROSS RENT: Starting from $400/m2 + GST per annum. Please contact Stephen Alborough 02 8969 2115 for further details. The Harbour Trust seeks to achieve market rents for its properties as the revenue generated from leasing is invested in managing and improving the Harbour Trust’s lands as public parks.

RENT REVIEWS: Rent is subject to annual 3% or CPI reviews (whichever is greater) and periodic market reviews during the term.

UTILITIES: Metered and payable by the tenant.

LEASE INSTRUMENT:  Tenants will be required to enter into the Harbour Trust’s standard lease contract.

GUARANTEED SUM: Equivalent to 6 months’ rent + GST (payable as bank guarantee).

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