Metcentre, Sydney, NSW
DESCRIPTION
The Metcentre comprises over 75 stores, located in the centre of the Sydney CBD at the base of 60 Margaret Street with a direct pedestrian link to Wynyard Railway Station.
| SUMMARY INFORMATION | |
|---|
| GRADE | CBD Retail |
| OWNERSHIP | 50% MPT, 50% MTAA |
| GLA | 6,776 sqm |
| CARSPACES | N/A |
| ACQUISITION DATE | Aug 98 |
| LAST EXTERNAL VALUATION DATE | 31 Dec 10 |
| VALUATION AT 31 DEC 11 | $60.0m |
| VALUER | DIRECTORS VALUATION |
| CAPITALISATION RATE | 6.50% |
| DISCOUNT RATE | 9.25% |
| CENTRE MAT | $51m |
| SPECIALTY OCCUPANCY COST | 22.1% |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| WOOLWORTHS | 696 | Mar 29 |
| FLORESHEIM | 267 | Oct 13 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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