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Stockland Wendouree

Located in the historic city of Ballarat, 110 kilometres west of Melbourne, this sub-regional shopping centre includes Kmart, Coles, Woolworths, four mini-majors and 89 specialty stores. The centre also includes a fully equipped parents' room and the regional library. An expansion is currently underway, including a new 3,800 sqm Woolworths supermarket, specialties and a casual dining precinct increasing the centre to over 110 stores. The redevelopment will be completed in mid-2018.

Location: Wendouree, Vic
Acquisition date: Jun 2003
Ownership/Title: 100%/Freehold
Cost including additions: $78.3 million
Last Independent Valuation
Date: Dec 2015
Valuation: $148 million
Valuation $/m2: $6,446/m²
Capitalisation rate: 6.50%
Discount rate: 8.00%
Car parking spaces: 1190
Gross lettable area: 22,958 m²
Annual sales: $168.35 million^^
Speciality occupancy cost: N/A
Weighted average lease expiry: 6.8 years
NABERS: 4.0 (Energy) 4.5 (Water)
Green Star rating: 3.0 (Performance)
Major Tenants GLA m2 Lease Expiry
Kmart 7,831 Oct 2028
Woolworths 3,800 Jun 2033
Coles 3,252 Aug 2022