Mount Claremont depot lease advertised at $228,000 a year

Diamond Hire Pty Ltd will be able to seek a five-year lease over part of the City of Vincent’s Mount Claremont depot, with annual rent of $228,000 plus GST and an option for a further five years.

The City approved public notice and invited submissions under section 3.58(3) of the Local Government Act 1995 for the proposed lease at 11 John XXIII Avenue, Mount Claremont.

Diamond Hire’s proposed premises cover about 600 square metres of warehouse space and 5,000 square metres of hardstand. The permitted use is storage and office space.

Diamond Hire would pay the outgoings and take responsibility for repairs and maintenance. The company would also need public-liability insurance of at least $20 million, or a higher amount required by the City.

Rent would be reviewed against the consumer price index on 1 July each year, with the first increase due on 1 July 2028. The arrangement includes two months of net rent free from the lease commencement date.

The City would remain responsible for structural repairs at its discretion. Diamond Hire could terminate the lease with three months’ written notice if structural repairs were not carried out. A redevelopment clause would apply only during the option term and require 24 months’ notice.

The City would retain access to part of the hardstand for global artwork storage. The artist and the artist’s employees and agents would have full and free access to that area.

The proposal, along with any later assignment, sublease or licence, remains subject to final approval by the Minister for Lands and any requirements attached to that approval.

Public submissions must be invited before the lease can receive final approval. The City will also provide information at its 18 August 2026 meeting about the proposed functions, staffing and costs associated with any use or relocation of City operations to the Mount Claremont depot.