Peregian Digital Hub - Tenancy Agreement · Report

GENERAL COMMITTEE MEETING                                                   8 SEPTEMBER 2026


The tenancy was advertised from 22 May 2026 through premium listings on three commercial
property websites and advertisements in Noosa News on 5 and 12 June. No formal applications
were received by the 14 July deadline. Colliers then contacted parties that had made enquiries and
received HubMind’s application on 29 July.

Colliers assessed HubMind against Council’s commercial, capability, compatibility and local-
economy criteria. HubMind received 90 out of 100. Colliers concluded that it represented the best
commercial option in the current market and recommended that Council accept the offer. The
procurement process, assessment and recommendation are provided at Attachment 1.

The primary lease provisions proposed are as follows:
Lease Provision                                    Proposal
Tenancy            C
Lessee Name        HubMind Pty Ltd
                   Lease C, being part of Lot 95 on SP137431 as shown on the plan, 253 David
Premises
                   Low Way, Peregian Beach.
Nett Lettable Area 75 m²
Commencement
                   1 October 2026
Date
Initial Lease Term 3 years
Options to Extend 1 option of 3 years
Base Rental        As per lease details attached, paid in monthly instalments in advance
Market Rent
                   CPI reviews annually, with a market review on exercise of the option
Reviews:
Recoverable
                   A fixed annual contribution of $5,496, indexed annually by CPI
Outgoings:
Permitted Use:     Professional office
                   From 1 October 2026 to 31 January 2027: rent of 45 m²-equivalent rate.
Lease Incentive:
                   Full rent and outgoings apply from 1 February 2027.
                   Three months’ rent plus outgoings and GST, paid by cash or bank
Bond:
                   guarantee on execution of the lease


It is recommended that Council agree to enter a commercial lease with Hubmind Pty Ltd in line with
the above provisions.




Link to Corporate Plan
Theme No. 3 - Prosperity
Focus areas include economic development, local business, innovation, arts and culture, waste and
a circular economy.

Theme No. 5 - Excellence