Stockland North Shore
A convenient neighbourhood centre located within the Stockland North Shore residential community in Townsville, QLD. The centre includes a new Woolworths and 15 specialty stores. A DA has been approved to expand the centre to 20,000 sqm. There is further land to expand the bulky goods precinct.
| Location: North Shore, Qld | ||
|---|---|---|
| Acquisition date: | Mar 2011 | |
| Ownership/Title: | 100%/Freehold | |
| Cost including additions: | $20.90 million | |
| Last Independent Valuation | ||
| Date: | Dec 2015 | |
| Valuation: | $23.0 million | |
| Valuation $/m2: | $4,417/m² | |
| Capitalisation rate: | 6.75% | |
| Discount rate: | 8.25% | |
| Car parking spaces: | 250 | |
| Gross lettable area: | 5,207 m2 | |
| Annual sales: | $52.40 million | |
| Speciality occupancy cost: | 6.60% | |
| Weighted average lease expiry: | 4.3 years | |
| NABERS: | N/A | |
| Green Star rating: | 4.0 (As Built) | |
| Major Tenants | GLA m2 | Lease Expiry |
| Woolworths | 3,609 | Mar 2021 |