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Tamworth Homespace,
NSW
Tamworth Homespace is a modern single level bulky goods
shopping centre located on the New England Highway,
approximately 4km south of the Tamworth CBD.
Developed by Stockland, the centre commenced trading in
November 2004 and is anchored by long-term leases to The
Good Guys and Sleep City. There are 12 additional bulky goods
tenancies, a restaurant and a medical centre, with on-site parking
for 416 vehicles.
Location: Tamworth, NSW
Acquisition date: N ovember 2007
Ownership/title: 100%/Freehold
Cost including additions: $20.3 million
Independent valuation: June 2009
Valuation/($/m2): $14.2 million ($1,086/m2)
Capitalisation rate: 10.50%
Discount rate: 10.75%
Gross lettable area: 13,073m2
Car parking spaces: 416
Annual sales: N /A
Specialty occupancy cost: N /A
Major Tenants GLA (m2) L ease Expiry
The Good Guys 2,404 O ct 2014
Everyday Living/Sleep City 1,800 O ct 2011
My Design Furniture 1,303 Aug 2012
Tamworth Furniture One 1,312 N ov 2011
Lease expiry profile
Vacant 18%
FY 10 4%
FY 11 8%
FY 12 31%
FY 13 13%
FY 14+ 26%
75 George Street, Parramatta,
NSW
75 George Street is a six level, twin tower, commercial office
building. The recently refurbished upper office levels comprise
north and south wings which are linked by a central services
core and a typical floor plate of 1,800m2. There are two retail
areas on the ground floor, with basement and covered parking
for 103 spaces.
The property is located in the heart of the Parramatta CBD on the
high profile corner of Smith and George Streets. The Parramatta
bus/rail interchange and RiverCat Wharf are also within close
proximity of the property.
Location: P arramatta, NSW
Acquisition date: June 2007
Ownership/title: 100%/Freehold
Cost including additions: $39.5 million
Independent valuation: June 2009
Valuation/($/m2): $34.0 million ($3,562/m2)
Capitalisation rate: 8.50%
Discount rate: 9.50%
Net lettable area: 9,545m2
Car parking spaces: 103
Major Tenants NLA (m2)
St George 6,485
Hanson Construction 1,857
Lease expiry profile
Vacant 0%
FY 10 0%
FY 11 8%
FY 12 42%
FY 13 30%
FY 14+ 20%
541 St Kilda Road, Melbourne,
VIC
541 St Kilda Road comprises six levels of office accommodation
and two ground floor retail tenancies, with a lettable area of
8,251m2 and 128 parking spaces. The property features large
floor plates of 1,300m2 with natural light on all sides and has a
newly refurbished foyer and forecourt, which will include a cafe
as one of the retail tenancies.
Location: Melbourne, VIC
Acquisition date: June 2007
Ownership/title: 100%/Leasehold
Cost including additions: $30.2 million
Independent valuation: June 2009
Valuation/($/m2): $25.4 million ($3,078/m2)
Capitalisation rate: 9.00%
Discount rate: 9.50%
Net lettable area: 8,251m2
Car parking spaces: 128
Major Tenants NLA (m2)
Seek 6,398
IBM 1,320
Vacant 0%
FY 10 16%
FY 11 0%
FY 12 1%
FY 13 77%
FY 14+ 6%
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