Lessee: The State of Queensland (represented by the Dept. of Public Works)
Occupant: QLD Department of Health
Permitted Use: Office
Lease Commencement Date: 1st November 2008
Lease Term: Eight (8) years
Option Terms: Two (2) options each of two (2) years
Net Rental:$1,398,240.00 + GST
Rent Review: The annual rent will increase 4% (except during the year when a market review takes place).

Approximately $2,626,540 worth of fitout was undertaken which includes: Office partitioning, M/F amenities, shower, ducted A/C, office fitout, lunchroom

Located just 10 kilometres north of the Brisbane CBD, Chermside Galleria is located in a well-established Brisbane suburb and is known for several local landmarks including the Prince Charles Hospital, the recently renovated Westfield Chermside shopping centre and the very popular Kedron-Wavell Services club.

The Queensland Government identified Chermside as a Principal Activity Centre in the South East Queensland Regional Plan 2005 – 2006. Principal Activity Centres serve catchments of sub-regional significance and accommodate key concentrations of employment. They also serve business, major comparison and convenience retail, and service uses. These centres provide a secondary administrative focus, accommodating regional offices of government and regionally significant health, education, cultural and entertainment facilities.

Outside the Brisbane CBD, Principal Activity Centres provide the key focal points of regional employment and in-centre residential development. As major trip generators, these are key nodes in the regional public transport system. Residential development densities of between 40 and 120 dwellings per hectare (net) or greater should be achieved in proximity to Principal Activity Centres.

For more detailed information on this property please contact Kerry Armstrong on 0403 054 844 or karmstrong@ljhc.com.au