❓ A WA parliamentary question on notice regarding the lease of office space in the Bunbury Tower by the State Government, including costs, usage, and comparison to market rates. The response provides some data but lacks detail in key areas.
AnsweredQoN 1486Legislative Assembly
QuestionView source ↗
(1) When was the Bunbury Tower at 61 Victoria Street, Bunbury, completed, how many floors of useable office space does it contain and what is then total number of square metres of this office space?
(2) What conditions were contained in the agreement signed between the original owner of the building and the State Government of that time which related to the lease of all or some of the office space within the building to the Government?
(3) How many sqaure metres of space were subject to the original lease agreement, what was the annual leasing costs of this space and what cost escalation clauses applied over time?
(4) For each year from 1998 to 2003, how much space was leased to the Government in the Bunbury Tower, at what annual cost and at what cost per square metre?
(5) For each year from 2003 to 2008, how much space will be leased to the Government in the Bunbury Tower, at what annual cost and at what cost per square metre?
(6) Is all the space within the Bunbury Tower that is currently being leased by the Government actually being used by Government agencies and, if not, how much space is currently unused?
(7) What is the current cost per square metre for similar office space available for lease in the Bunbury CBD?
(2) What conditions were contained in the agreement signed between the original owner of the building and the State Government of that time which related to the lease of all or some of the office space within the building to the Government?
(3) How many sqaure metres of space were subject to the original lease agreement, what was the annual leasing costs of this space and what cost escalation clauses applied over time?
(4) For each year from 1998 to 2003, how much space was leased to the Government in the Bunbury Tower, at what annual cost and at what cost per square metre?
(5) For each year from 2003 to 2008, how much space will be leased to the Government in the Bunbury Tower, at what annual cost and at what cost per square metre?
(6) Is all the space within the Bunbury Tower that is currently being leased by the Government actually being used by Government agencies and, if not, how much space is currently unused?
(7) What is the current cost per square metre for similar office space available for lease in the Bunbury CBD?
AnswerView source ↗
Answered
4 June 2003
Response time
29 days
(2) The lease agreement contains numerous conditions, all of which relate to the office space leased by the Government. A meaningful answer can be provided if the Member resubmits this part of the Question in more specific terms. (3) (i) 8874 (ii) $1,338,376.68 (iii) CPI rent review every 30 months (4) Year Area Total Average Rate Leased Annual Per Square sq m Cost ($) Metre($) 1998 8,874 2,110,689 237.85 1999 8,874 2,143,217 241.52 2000 8,874 2,151,864 242.49 2001 8,874 2,180,812 245.75 2002 8,874 2,289,713 258.02 2003 8,874 2,289,713 258.02 (5) Year Area Leased Total Annual Cost Average Rate Per Square Metre sq m ($) ($) 2003 8,874 2,289,713 258.02 2004 8,874 not available - subject to rent review not available -subject to rent review 2005 8,874 not available -subject to rent review not available -subject to rent review 2006 8,874 not available – subject to rent review not available – subject to rent review 2007 8,874 not available – subject to rent review not available – subject to rent review 2008 8,874 not available – subject to rent review not available – subject to rent review (6) No 8051 square metres. (7) There is no comparable space available for lease in the Bunbury CBD.
(3) (i) 8874 (ii) $1,338,376.68 (iii) CPI rent review every 30 months (4) Year Area Total Average Rate Leased Annual Per Square sq m Cost ($) Metre($) 1998 8,874 2,110,689 237.85 1999 8,874 2,143,217 241.52 2000 8,874 2,151,864 242.49 2001 8,874 2,180,812 245.75 2002 8,874 2,289,713 258.02 2003 8,874 2,289,713 258.02 (5) Year Area Leased Total Annual Cost Average Rate Per Square Metre sq m ($) ($) 2003 8,874 2,289,713 258.02 2004 8,874 not available - subject to rent review not available -subject to rent review 2005 8,874 not available -subject to rent review not available -subject to rent review 2006 8,874 not available – subject to rent review not available – subject to rent review 2007 8,874 not available – subject to rent review not available – subject to rent review 2008 8,874 not available – subject to rent review not available – subject to rent review (6) No 8051 square metres. (7) There is no comparable space available for lease in the Bunbury CBD.
(4) Year Area Total Average Rate Leased Annual Per Square sq m Cost ($) Metre($) 1998 8,874 2,110,689 237.85 1999 8,874 2,143,217 241.52 2000 8,874 2,151,864 242.49 2001 8,874 2,180,812 245.75 2002 8,874 2,289,713 258.02 2003 8,874 2,289,713 258.02 (5) Year Area Leased Total Annual Cost Average Rate Per Square Metre sq m ($) ($) 2003 8,874 2,289,713 258.02 2004 8,874 not available - subject to rent review not available -subject to rent review 2005 8,874 not available -subject to rent review not available -subject to rent review 2006 8,874 not available – subject to rent review not available – subject to rent review 2007 8,874 not available – subject to rent review not available – subject to rent review 2008 8,874 not available – subject to rent review not available – subject to rent review (6) No 8051 square metres. (7) There is no comparable space available for lease in the Bunbury CBD.
(5) Year Area Leased Total Annual Cost Average Rate Per Square Metre sq m ($) ($) 2003 8,874 2,289,713 258.02 2004 8,874 not available - subject to rent review not available -subject to rent review 2005 8,874 not available -subject to rent review not available -subject to rent review 2006 8,874 not available – subject to rent review not available – subject to rent review 2007 8,874 not available – subject to rent review not available – subject to rent review 2008 8,874 not available – subject to rent review not available – subject to rent review (6) No 8051 square metres. (7) There is no comparable space available for lease in the Bunbury CBD.
(6) No 8051 square metres. (7) There is no comparable space available for lease in the Bunbury CBD.
(7) There is no comparable space available for lease in the Bunbury CBD.
(3) (i) 8874 (ii) $1,338,376.68 (iii) CPI rent review every 30 months (4) Year Area Total Average Rate Leased Annual Per Square sq m Cost ($) Metre($) 1998 8,874 2,110,689 237.85 1999 8,874 2,143,217 241.52 2000 8,874 2,151,864 242.49 2001 8,874 2,180,812 245.75 2002 8,874 2,289,713 258.02 2003 8,874 2,289,713 258.02 (5) Year Area Leased Total Annual Cost Average Rate Per Square Metre sq m ($) ($) 2003 8,874 2,289,713 258.02 2004 8,874 not available - subject to rent review not available -subject to rent review 2005 8,874 not available -subject to rent review not available -subject to rent review 2006 8,874 not available – subject to rent review not available – subject to rent review 2007 8,874 not available – subject to rent review not available – subject to rent review 2008 8,874 not available – subject to rent review not available – subject to rent review (6) No 8051 square metres. (7) There is no comparable space available for lease in the Bunbury CBD.
(4) Year Area Total Average Rate Leased Annual Per Square sq m Cost ($) Metre($) 1998 8,874 2,110,689 237.85 1999 8,874 2,143,217 241.52 2000 8,874 2,151,864 242.49 2001 8,874 2,180,812 245.75 2002 8,874 2,289,713 258.02 2003 8,874 2,289,713 258.02 (5) Year Area Leased Total Annual Cost Average Rate Per Square Metre sq m ($) ($) 2003 8,874 2,289,713 258.02 2004 8,874 not available - subject to rent review not available -subject to rent review 2005 8,874 not available -subject to rent review not available -subject to rent review 2006 8,874 not available – subject to rent review not available – subject to rent review 2007 8,874 not available – subject to rent review not available – subject to rent review 2008 8,874 not available – subject to rent review not available – subject to rent review (6) No 8051 square metres. (7) There is no comparable space available for lease in the Bunbury CBD.
(5) Year Area Leased Total Annual Cost Average Rate Per Square Metre sq m ($) ($) 2003 8,874 2,289,713 258.02 2004 8,874 not available - subject to rent review not available -subject to rent review 2005 8,874 not available -subject to rent review not available -subject to rent review 2006 8,874 not available – subject to rent review not available – subject to rent review 2007 8,874 not available – subject to rent review not available – subject to rent review 2008 8,874 not available – subject to rent review not available – subject to rent review (6) No 8051 square metres. (7) There is no comparable space available for lease in the Bunbury CBD.
(6) No 8051 square metres. (7) There is no comparable space available for lease in the Bunbury CBD.
(7) There is no comparable space available for lease in the Bunbury CBD.
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