Stockland North Shore
A convenient neighbourhood centre located within the Stockland North Shore residential community in Townsville, Qld. The centre includes Woolworths and 13 specialty stores. A DA has been approved to expand the centre to 19,800 sqm. Another DA has been submitted for the development of a bulky goods centre on adjacent land in the town centre.
| Location: North Shore, Qld | ||
|---|---|---|
| Acquisition date: | Mar 2011 | |
| Ownership/Title: | 100%/Freehold | |
| Cost including additions: | $21.2 million | |
| Last Independent Valuation | ||
| Date: | Jun 2018 | |
| Valuation: | $19.6 million | |
| Valuation $/m2: | $3,546/m² | |
| Capitalisation rate: | 6.50% | |
| Discount rate: | 7.25% | |
| Car parking spaces: | 259 | |
| Gross lettable area: | 5,527 m² | |
| Annual sales: | $53.9 million | |
| Speciality occupancy cost: | 8.8% | |
| Weighted average lease expiry: | 9.1 years | |
| NABERS: | N/A | |
| Green Star rating: | 4.0 (As Built) | |
| Major Tenants | GLA m2 | Lease Expiry |
| Woolworths | 3,544 | Mar 2031 |