Rhodes Shopping Centre

Rhodes Shopping Centre, Rhodes, NSW

DESCRIPTION

The centre is co-located with IKEA in the rapidly developing Rhodes residential and office precinct. The centre was reconfigured in 2009 to incorporate a Target and improved specialty offer. The centre also has an eight screen Reading cinema complex.

SUMMARY INFORMATION 
GRADESub Regional
OWNERSHIP50% MPT, 50% Perron
GLA33,393 sqm
CARSPACES2,450
ACQUISITION DATEJan 07
LAST EXTERNAL VALUATION DATE30 Jun 11
VALUATION AT 31 DEC 11$111.5m
VALUERDIRECTORS VALUATION
CAPITALISATION RATE7.00%
DISCOUNT RATE9.25%
CENTRE MAT$180m
SPECIALTY OCCUPANCY COST16.0%
MAJOR TENANTSNLA SQMLEASE EXPIRY
TARGET3,795Nov 24
COLES3,497Dec 19
LEASE EXPIRY PROFILE % AREA 
Lease Expiry Profile