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Stockland Wendouree

Located in the major regional city of Ballarat, 110 kilometres west of Melbourne, this sub-regional shopping centre includes Kmart, Coles, Woolworths, four mini-majors and 106 specialty stores. The centre also includes a fully equipped parents’ room and the regional library. An expansion of the centre was recently completed, including a newly expanded 3,800 sqm Woolworths supermarket, 20 additional specialty stores including a casual dining precinct and national fashion retailers. There is adjacent land for future redevelopment.

Location: Wendouree, Vic
Acquisition date:Jun 2003
Ownership/Title:100%/Freehold
Cost including additions:$108.5 million
Last Independent Valuation
Date:Dec 2015
Valuation:$148.0 million
Valuation $/m2:$5,312/m²
Capitalisation rate:6.50%
Discount rate:8.00%
Car parking spaces:1,245
Gross lettable area:27,861 m²
Annual sales:$159.2 million^^
Speciality occupancy cost:N/A
Weighted average lease expiry:7.4 years
NABERS:4.5 (Energy) 4.5 (Water)
Green Star rating:3.0 (Performance)
Major TenantsGLA m2Lease Expiry
Kmart7,831Oct 2028
Woolworths3,800Jun 2033
Coles3,252Aug 2022
Footnotes
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