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Stockland Gladstone

Gladstone is located on the Dawson Highway and is the only major shopping centre in the region.  The property comprises of a Coles, Woolworths, Kmart, Big W, Target and 47 specialty stores. Over 3.2 hectares of rezoned land borders the property, with a DA approved to redevelop over 26,000 sqm.

Location: Gladstone, Qld
Acquisition date: Oct 2000
Ownership/Title: 100%/Freehold
Cost including additions: $89.50 million
Last Independent Valuation
Date: Dec 2015
Valuation: $140.2 million
Valuation $/m2: $5,105/m²
Capitalisation rate: 7.00%
Discount rate: 8.25%
Car parking spaces: 1,303
Gross lettable area: 27,465 m2
Annual sales: $197.00 million
Speciality occupancy cost: 13.90%
Weighted average lease expiry: 1.2 years
NABERS: 4.5 (Energy) 3.0 (Water)
Green Star rating: 3.0 (Performance)
Major Tenants GLA m2 Lease Expiry
Big W 7,203 Aug 2021
Kmart 6,687 Sep 2017
Woolworths 3,609 Aug 2021
Coles 2,995 Sep 2017
Target 1,481 Sep 2017