2016-01-11 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                              11 JANUARY 2016


Shop 1 – Medical Centre

The lease with Teewah Power Co. Pty Ltd expires 30 April 2016. The lessee has held the lease
since the centre was constructed in 1996 and has maintained an excellent record. The lessee has
agreed to Council’s offer of a 5 year lease with a 5 year option.

The current rental is $42,925 per annum plus outgoings. Savills Valuations undertook an
independent valuation that suggested a rental of $44,481 per annum plus outgoings (with a market
rental range in the order of +/- 5% to 7.5%). The lessee has requested that the rent remain at the
current rate plus outgoings. The lessee has been advised that annual CPI will apply to the current
rental along with a further market valuation in 2020.

Shop 2 – Pharmacy

The lease with Sunrise Healthcare Pty Ltd expires 30 April 2016. The lessee was assigned the
lease on 23 October 2015. The lessee has agreed to Council’s offer of a 5 year lease with a 5 year
option.

The current rental is $29,600 per annum plus outgoings. Savills Valuations undertook an
independent valuation that suggested a rental of $33,435 per annum plus outgoings (with a market
rental range in the order of +/- 5% to 7.5%). Sunrise Healthcare Pty Ltd contacted Council
regarding the proposed 13% increase, and provided a rental offer of $31,800 per annum plus
outgoings. This lessee’s rental offer figure is considered acceptable. The lessee is aware annual
CPI will apply to the current rental along with a further market valuation in 2020.


Previous Council Consideration

Ordinary Meeting, 22 October 2015, Item 9, Page 7
That Council note the report by the Property Officer, Property and Facilities to the Planning &
Organisation Committee Meeting dated 13 October 2015 and approve the assignment of the
existing contract lease arrangement for Sunrise Neighbourhood Shopping Centre, Shop 2 –
Pharmacy, from KA & RJ Teed to Sunrise Healthcare Pty Ltd on or after 23 October 2015.


Ordinary Meeting, 4 June 2015, Item 10, Page 9
That Council note the report by the Property Officer, Property and Facilities to the Planning &
Organisation Committee Meeting dated 26 May 2015; and
1.   Approve the new lease agreement to Sunrise Beach Hair Artistry for Shop 3, Sunrise
     Neighbourhood Shopping Centre for 3 years commencing 9 June 2015 (with a 3 year option);
2.   Approve the new lease agreement to Tom Wilkinson Dental Pty Ltd for Shop 4, Sunrise
     Neighbourhood Shopping Centre for 5 years commencing 1 July 2015 (with a 5 year option)
3.   Approve the new lease agreement with Meats at Sunrise Pty Ltd for Shop 7, Sunrise
     Neighbourhood Shopping Centre for 5 years commencing 8 June 2015 (with a 5 year option);
     and
4.   Apply the exception to the requirement for tendering of the lease under section 236 (1) (c)
     (iii) of the Local Government Regulation 2012 as the renewal is to the existing tenant.




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