Stockland Rockhampton
The largest shopping centre between Maroochydore and Mackay, Rockhampton includes Woolworths, Coles, Kmart, Big W, Harris Scarfe, 10 mini-majors and over 160 specialty stores. The centre recently opened an all-weather casual dining precinct incorporating six specialty food retailers including Guzman Y Gomez, Burger Urge and Max Brenner. The centre also opened the first H&M, Mimco and Peter Alexander in Central Queensland in late 2017.
| Location: Rockhampton, Qld | ||
|---|---|---|
| Acquisition date: | Jun 2003 | |
| Ownership/Title: | 100%/Freehold | |
| Cost including additions: | $290.1 million | |
| Last Independent Valuation | ||
| Date: | Dec 2016 | |
| Valuation: | $419.1 million | |
| Valuation $/m2: | $7,209/m² | |
| Capitalisation rate: | 5.75% | |
| Discount rate: | 7.50% | |
| Car parking spaces: | 3033 | |
| Gross lettable area: | 58,134 m² | |
| Annual sales: | $342.36 million | |
| Speciality occupancy cost: | 17.0% | |
| Weighted average lease expiry: | 4.9 years | |
| NABERS: | 3.0 (Energy) 2.5 (Water) | |
| Green Star rating: | 2.0 (Performance) | |
| Major Tenants | GLA m2 | Lease Expiry |
| Big W | 8,211 | Nov 2028 |
| Kmart | 6,000 | Aug 2024 |
| Woolworths | 4,223 | Aug 2020 |
| Coles | 3,800 | Aug 2024 |
| Birch Carroll and Coyle Cinemas | 3,392 | Dec 2018 |