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Stockland Townsville

The centre is the leading regional centre located in the geographic heart of Townsville and houses the region’s only full-line Myer department store. The retail precinct includes the Townsville and Nathan Street centres, featuring Woolworths, Big W and H&M in the main centre and Coles and Kmart in the Nathan Street centre. The complex also has 7 mini-majors; a 700-seat food precinct and 179 specialty stores.

Location: Townsville, Qld
Acquisition date: Jun 1987/Mar 2012
Ownership/Title: 50%/Freehold
Cost including additions: $168.8 million
Last Independent Valuation
Date: Dec 2017
Valuation: $212 million
Valuation $/m2: $7,162/m²^
Capitalisation rate: 5.75%-6.50%
Discount rate: 7.00%-7.25%
Car parking spaces: 2,975
Gross lettable area: 59,201 m²
Annual sales: $340.58 million
Speciality occupancy cost: 16.8%
Weighted average lease expiry: 8.7 years
NABERS: 4.0 (Energy) 4.0 (Water)
Green Star rating: 4.0 (As Built) 2.0 (Performance)
Major Tenants GLA m2 Lease Expiry
Kmart 7,416 Sep 2021
Big W 7,205 Jun 2034
Woolworths 4,200 Dec 2031
Coles 3,377 Jul 2018
Myer 12,023 Oct 2037
Footnotes
  • ^ 100% interest
  • ** Includes the Townsville Kmart centre