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 | ||
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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 |