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Vincentia Shopping Centre, NSW

Location: Vincentia, NSW
Acquisition date: January 2007
Ownership/title: 100%/Freehold
Cost including additions: $15.1 million
Independent valuation: June 2009
Valuation/($/m2): $13.4 million ($3,225/m2)
Capitalisation rate: 8.00%
Discount rate: 9.50%
Gross lettable area: 4,155m2
Car parking spaces: 198
Annual sales: $38.5 million
Specialty occupancy cost: 21.8%
Major Tenants GLA (m2) L ease Expiry
Bi-Lo 1,973 Mar 2014
Lease expiry profile
Vincentia Village Shopping Centre is a single level, open air, neighbourhood shopping centre of 4,155m2 GLA. The property is situated in Vincentia, a developing residential and tourist township approximately 1.5km to the east of the proposed greenfield Stockland Jervis Bay retail development. The centre is anchored by a strong performing BI-LO and 23 specialty stores.
Vacant 4%
FY10 26%
FY11 5%
FY12 6%
FY13 8%
FY14+ 51%

Woolworths Toowong, QLD

Woolworths Toowong is a freestanding supermarket located immediately opposite Toowong Village Shopping Centre. This property is held as part of the Toowong development site which offers medium-term mixed-use development potential.
Location: Toowong, QLD
Acquisition date: October 2000
Ownership/title: 100%/Freehold
Cost including additions: $4.9 million
Independent valuation: June 2009
Valuation/($/m2): $13.2 million ($5,802/m2)
Capitalisation rate: N/A
Gross lettable area: 2,275m2
Car parking spaces: 137
Annual sales: N/A
Specialty occupancy cost: N/A
Major Tenants GLA (m2) L ease Expiry
Woolworths 2,275 Holding over
Lease expiry profile
Vacant 0%
FY10 100%
FY11 0%
FY12 0%
FY13 0%
FY14+ 0%

Stockland Glenrose, NSW

Location: Belrose, NSW
Acquisition date: January 2003
Ownership/title: 100%/Freehold
Cost including additions: $46.1 million
Independent valuation: December 2007
Valuation/($/m2): $20.0 million ($2,200/m2)
Capitalisation rate: 6.00%
Discount rate: 8.25%
Gross lettable area: 9,089m2
Car parking spaces: 366
Annual sales: $56.2 million
Specialty occupancy cost: 10.8%
Major Tenants GLA (m2) L ease Expiry
Woolworths 2,400 Mar 2012
Stockland Glenrose is located in the northern Sydney suburb of Belrose. The trade area is extremely affluent with household income 35% above Sydney average. This site is subject to redevelopment.
Lease expiry profile
Vacant 0%
FY10 65%
FY11 1%
FY12 34%
FY13 0%
FY14+ 0%

 

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