2021-04-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   12 APRIL 2021




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GENERAL COMMITTEE MEETING AGENDA                                                                12 APRIL 2021

     Level 5,57 The Esplanade PO Box 796            man +61 7 5478 3788
     Cotton Tree QLD 4558     Cotton Tree QLD 4558  Fax +61 7 5443 5982
                              www, colliers.com.au  Evan jesse. [email protected]  Colliers
                                                                                       INTERNATIONAL

    Tenant Overview: Tanglewood Pty Ltd
    Tanglewood was created by a local family who have a passion for high quality, natural, and locally
    sourced produce. Beginning in 2014 and named after the iconic Tanglewood track that’s found in the
    world-famous Noosa National Park, Tanglewood’s artisan products are now found in many households
    and local restaurants.

    Tenant Assessment Criteria
     Commercial Terms                 20/20      The commercial lease terms offered by Tanglewood
                                                 are reflective of the asking terms.
                                                 The “rent free incentive” is below market in a post covid
                                                 environment.
     Business Track Record             18/20     After it’s conception in 2014, Tanglewood has grown
                                                 substantially with it’s products found in households and
                                                 respected restaurants.
     Capability and Resources         20/20      Based on the information provided by the firms qualified
                                                 Chartered    Accountant,   we   are   confident   that
                                                 Tanglewood    will be  able   to meet the    financial
                                                 obligations of the lease.
     Suitability & Compatibility       17/20     A growing local company that supports other local
                                                 businesses, Tanglewood’s offering is set to attract large
                                                 volumes of patrons to the complex and fill a gap in the
                                                 market.
     Contribution to Local Economy = 18/20       In addition to working with other local business,
                                                 Tanglewood    will  be   providing  the   surrounding
                                                 catchment areas with much needed products. They will
                                                 also be creating a space for locals to relax, eat and
                                                 drink.
     Total Assessment                 93/100     —siIt is the opinion of Colliers that Tanglewood are an
                                                 excellent fit for the Sunrise Beach Shops.

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