Stockland Rockhampton
Rockhampton is the largest shopping centre between Maroochydore and Mackay and includes Woolworths, Coles, Kmart, Big W, 11 mini-majors and 168 specialty stores. The centre also includes an extensive mix of national and local retailers, plus Birch Carroll and Coyle Cinemas, Sizzler, a Fitness Centre, a swim school and a medical centre. The centre has recently opened a new all-weather casual dining precinct incorporating six food specialty retailers including GYG, Burger Urge, Max Brenner, Rozzi's Italian Canteen, Schnitz and Gelatissimo.
| Location: Rockhampton, Qld | ||
|---|---|---|
| Acquisition date: | Jun 2003 | |
| Ownership/Title: | 100%/Freehold | |
| Cost including additions: | $272.60 million | |
| Last Independent Valuation | ||
| Date: | Jun 2015 | |
| Valuation: | $404.0 million | |
| Valuation $/m2: | $7,178/m² | |
| Capitalisation rate: | 6.00% | |
| Discount rate: | 8.50% | |
| Car parking spaces: | 3,015 | |
| Gross lettable area: | 56,284 m2 | |
| Annual sales: | $354.90 million | |
| Speciality occupancy cost: | 15.50% | |
| Weighted average lease expiry: | 5.1 years | |
| NABERS: | 3.5 (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 | 3,642 | Aug 2024 |
| Birch Carroll and Coyle Cinemas | 3,392 | Dec 2018 |
| Footnotes | ||
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