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Stockland Highlands

Highlands is a convenient neighbourhood shopping centre located within the Stockland Highlands community in Craigieburn, 27 kilometres north of the Melbourne CBD. It is anchored by Woolworths, the Reject Shop plus 17 specialty stores including a medical centre. A new full-line McDonald’s family restaurant is now open.

Location: Craigieburn, Vic
Acquisition date: Nov 2011
Ownership/Title: 100%/Freehold
Cost including additions: $31.40 million
Last Independent Valuation
Date: Dec 2015
Valuation: $32.7 million
Valuation $/m2: $4,378/m²
Capitalisation rate: 6.50%
Discount rate: 8.00%
Car parking spaces: 343
Gross lettable area: 7,766 m2
Annual sales: $47.30 million
Speciality occupancy cost: 11.20%
Weighted average lease expiry: 9.8 years
Green Star rating: 4.0 (As Built)
Major Tenants GLA m2 Lease Expiry
Woolworths 3,946 Nov 2031