Peregian Digital Hub - Tenancy Agreement · Report

GENERAL COMMITTEE MEETING                                                      8 SEPTEMBER 2026


This theme focuses on customer experience, financial sustainability, innovation and technology,
levels of service, governance, our employees and volunteers, funding streams and asset
management practices.




Previous Council Consideration
Nil




Finance
At the asking rate, the lease meets current market expectations. A four-month incentive reduces
first-year receipts slightly by $4,935 excluding GST, comprising $4,203 in rent and $732 in outgoings.
The lease would provide three years of contracted income, subject to its terms, and restore revenue
from a tenancy that is currently vacant.




Risk & Opportunities
HubMind is an early-stage business, there is therefore some risk, however this is mitigated partly by
a three-year commitment, appropriate guarantor and security equal to three months’ rent and
outgoings plus GST.

The space has been vacant since mid-July. Declining the offer would expose Council to further
vacancy, marketing and transaction costs. The proposed incentive is limited to the first four months.

HubMind fits the Hub’s purpose and current AI focus. The founders bring relevant technology, AI
and business-process experience, and the company has the potential to create high-value local work
and improve AI capability among Noosa businesses. Significantly this company has incubated at the
Hub and this provides an excellent opportunity for the Hub to enable its growth, doing exactly what
the Hubs purpose is.




Human Rights
Human Rights Compatibility Statement
In developing this Report, the subject matter has been considered in accordance with the
requirements of the Queensland Human Rights Act 2019. It is considered that the subject matter
does not conflict with any human rights and supports a human rights approach to decision making
by Council. Council representatives will endeavour to act and make decisions under this report in a
manner that is compatible with human rights. This report should be read in conjunction with
Council’s Human Rights Policy.



Consultation
External Consultation - Community & Stakeholder
Colliers (Sunshine Coast) Management; Hubmind Pty Ltd.