Waverley Gardens Shopping Centre

Waverley Gardens Shopping Centre,
Mulgrave, VIC

DESCRIPTION

Waverley Gardens Shopping Centre is located adjacent to Mirvac's Waverley Park residential development and the Monash Freeway. A major upgrade and expansion was completed in March 2007 and includes Safeway, Coles, Target, Big W, Aldi, Best & Less and over 105 specialty stores.

SUMMARY INFORMATION 
GRADESub Regional
OWNERSHIP100% MPT
GLA38,373 sqm
CARSPACES2,200
ACQUISITION DATENov 02
LAST EXTERNAL VALUATION DATE31 Dec 11
VALUATION AT 31 DEC 11$131.5m
VALUERSAVILLS
CAPITALISATION RATE7.75%
DISCOUNT RATE9.50%
CENTRE MAT$181m
SPECIALTY OCCUPANCY COST15.2%
MAJOR TENANTSNLA SQMLEASE EXPIRY
TARGET6,796Jun 20
BIG W6,770Mar 27
LEASE EXPIRY PROFILE % AREA 
Lease Expiry Profile