Gippsland Centre, Sale, VIC
DESCRIPTION
Located in the heart of Sale's CBD, some 260 kms east of Melbourne, the Gippsland Centre includes Coles, Safeway, Target and over 35 specialty stores with abundant on‑grade parking. The centre has a NABERS Energy rating of 4.0 stars.
| SUMMARY INFORMATION | |
|---|
| GRADE | Sub Regional |
| OWNERSHIP | 100% MPT |
| GLA | 22,776 sqm |
| CARSPACES | 1,066 |
| ACQUISITION DATE | Jan 94 |
| LAST EXTERNAL VALUATION DATE | 31 Dec 11 |
| VALUATION AT 31 DEC 11 | $49.1m |
| VALUER | CB RICHARD ELLIS |
| CAPITALISATION RATE | 8.25% |
| DISCOUNT RATE | 9.50% |
| CENTRE MAT | $119m |
| SPECIALTY OCCUPANCY COST | 12.2% |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| TARGET | 7,778 | Jul 20 |
| AUSTRALIAN SAFEWAY | 3,362 | Nov 27 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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