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 | |
GRADE | Sub Regional |
OWNERSHIP | 50% MPT, 50% Perron |
GLA | 33,393 sqm |
CARSPACES | 2,450 |
ACQUISITION DATE | Jan 07 |
LAST EXTERNAL VALUATION DATE | 30 Jun 11 |
VALUATION AT 31 DEC 11 | $111.5m |
VALUER | DIRECTORS VALUATION |
CAPITALISATION RATE | 7.00% |
DISCOUNT RATE | 9.25% |
CENTRE MAT | $180m |
SPECIALTY OCCUPANCY COST | 16.0% |
MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
TARGET | 3,795 | Nov 24 |
COLES | 3,497 | Dec 19 |
LEASE EXPIRY PROFILE % AREA | |