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Merrylands Court, NSW

Location: Merrylands, NSW
Acquisition date: December 2002
Ownership/title: 100%/Freehold
Cost including additions: $4.9 million
Independent valuation: June 2009
Valuation/($/m2): $9.5 million ($1,508/m2)
Capitalisation rate: 8.75%
Discount rate: 10.00%
Gross lettable area: 6,298m2
Car parking spaces: 140
Annual sales: N/A
Specialty occupancy cost: N/A
Major Tenants GLA (m2) L ease Expiry
Harris Farm 1,214 Dec 2014
Anchored by Harris Farm this property is also occupied by a number of national retailers. The property was acquired for strategic reasons, being located adjacent to Stockland Merrylands which is undergoing major redevelopment. Merrylands Court is anchored by Harris Farm and includes retailers such as Contours, Video Ezy, Red Rooster and Subway.
Lease expiry profile
Vacant 1%
FY10 30%
FY11 14%
FY12 0%
FY13 14%
FY14+ 41%

 

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