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Stockland Kensington

The centre is centrally located in Bundaberg on the Isis Highway (Takalvan Street), the main thoroughfare in and out of Bundaberg. Officially opened in early April 2017, the centre features the latest concept Coles, which is the largest supermarket in the trade area and is supported by The Reject Shop and ten specialty stores. The centre complements Stockland Bundaberg and the developing Bundaberg West retail district.

Location: Kensington, Qld
Cost including additions:$30 million
Last Independent Valuation
Date:Jun 2017
Valuation:$31 million
Valuation $/m2:$5,153/m²
Capitalisation rate:6.00%
Discount rate:7.25%
Car parking spaces:274
Gross lettable area:6,016 m²
Annual sales:$28.13 million^^
Speciality occupancy cost:N/A
Weighted average lease expiry:12.1 years
Green Star rating:N/A
Major TenantsGLA m2Lease Expiry
Coles4,639Mar 2027