Indicative Lease Terms

Lease Commencement

Estimated early 2019.

Gross Rent

GST-exclusive gross rental offers are invited.

The Harbour Trust seeks to achieve market rents for its properties as the revenue generated from leasing is invested in managing and improving the Trust’s lands as public parks.

Contributory and Delivery Partners

Not-for-profit organisations whose activities further the objectives of the Harbour Trust may be eligible for a fixed period rental subsidy under the Harbour Trust Rental Subsidy Policy for Contributory and Delivery Partners.

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

6 months’ rent + GST (payable as bank guarantee).

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