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Stockland Gladstone

Located on the Dawson Highway, Gladstone is the only major shopping centre in the region. The property comprises of a Coles, Woolworths, Kmart, Big W, Target and 48 specialty stores with 1,289 parking spaces. Over 3.2 hectares of rezoned land borders the property, with an approved DA for over 26,000 sqm of new GLA.

Location: Gladstone, Qld
Acquisition date: Oct 2000
Ownership/Title: 100%/Freehold
Cost including additions: $95.3 million
Last Independent Valuation
Date: Dec 2017
Valuation: $135 million
Valuation $/m2: $4,711/m²
Capitalisation rate: 6.75%
Discount rate: 7.50%
Car parking spaces: 1289
Gross lettable area: 28,654 m²
Annual sales: $179.65 million
Speciality occupancy cost: 15.2%
Weighted average lease expiry: 2 years
NABERS: 5.5 (Energy)
Green Star rating: 3.0 (Performance)
Major Tenants GLA m2 Lease Expiry
Big W 7,203 Aug 2021
Kmart 6,687 Holdover
Woolworths 3,609 Aug 2021
Coles 2,995 Holdover
Target 1,481 Holdover