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House of Assembly - Fifty-Second Parliament, Second Session (52-2)
2012-02-14 Daily Xml
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SOUTH AUSTRALIAN FILM CORPORATION

In reply to Mrs REDMOND (Heysen—Leader of the Opposition) (8 November 2011) (First Session).

The Hon. J.D. HILL (Kaurna—Minister for Health and Ageing, Minister for Mental Health and Substance Abuse, Minister for the Arts): I am advised:

1. The Adelaide Film and Screen Centre has 961 square metres of office space available for leasing to tenants. The rent from tenancies has been set at between $100 and $250 per square metre, depending on the size and quality of the office facilities. These rates have been determined by a commercial leasing agent and are based on average office rent in the surrounding area.

It is projected that, when the occupancy of office space at Adelaide Studios is at 90 per cent capacity, the income stream to the South Australian Film Corporation will be $151,000 per annum based on 2011-12 rental values. Rental income at this level will not be achieved in 2011-12 because the premises were not occupied from the beginning of the financial year. The leases for the offices include four per cent indexation per annum.

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