Investment Portfolio
Tamworth Homespace, Tamworth
Tamworth Homespace is a bulky goods retail centre which opened for trading in November 2004. Developed by Stockland, the centre is currently anchored by long term leases to The Good Guys and Everyday Living/Sleep City. There are 12 additional bulky goods tenancies, plus a restaurant and medical centre.
The centre is located on the New England Highway approximately four kilometres south of the Tamworth CBD. It has good accessibility for residents throughout the region with the New England Highway being a major north-south carriageway throughout northern New South Wales.
Located within an emerging bulky goods precinct in Tamworth, the centre serves approximately 111,000 residents in the main trade area, 54,600 of whom reside within Tamworth. The centre is also in close proximity to other community facilities such as the Tamworth Sports Complex and Entertainment Centre.
Tamworth Homespace is one of four properties in Stockland Direct Retail Trust No. 1. Find out more
Key Information
| Location: | 437 Goonoo Goonoo Road, Tamworth |
| Acquisition Date: | December 2006 |
| Ownership/Title: | 100% / Freehold |
| Independent Valuation: | 30 June 2008 |
| Valuation ($/m2): | $19.5 million ($1,492/m²) |
| Capitalisation Rate: | 8.25% |
| Discount Rate: | 9.25% |
| Net Lettable Area: | 13,073m² |
| Car Parking Spaces: | 416 |
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