MCU10/2083 Development Application part 2 - Attachment 4 - Economic Impact and Need Assessment

10 August 2010

Matthew Creagh

Director - Marquette Properties

P: 0432 484 752

E: [email protected]

W: www.marquette.com.au

Matthew,

OFFER TO LEASE — 150m2 Noosaville Convenience Centre — Cnr Gibson Rd & Skipper

Place

We are prepared to lease the above premises in accordance with the following terms and
conditions and subject to terms of the Standard Lease and the Lessor’s Board Approval.

1.

2.

Lessor:

Lessee:

Leased Premises:

Area (Approximately):

Term:

Gross Rental:

Rental Reviews:

Options:

TBC

Nightow! Properties Pty Ltd

(ACN 126 734 549)

Level 1, 9 Murrajong Road

SPRINGWOOD QLD 4127

Position TBC

TBC 150-180m? (Estimated NLA)

Area subject to final survey - Survey to be completed
at Lessor's expense in accordance with PCA
standard methods of measurement for retail.

5 years

$500per m* + GST per annum

(Which is equal to $75,000.00 plus GST per annum
assuming an area of 150m7).

CPI per annum during the initial term.

At commencement of the option period rent will be
reviewed to market (rent not to decrease) with CPI
reviews per annum.

2 x Five (5) years.

The Lessee is required to exercise the option no

earlier than twelve (12) months and no later than nine
(9) months prior to Lease expiry.