Moonee Ponds Central, Moonee Ponds, VIC
DESCRIPTION
Moonee Ponds Central is a sub regional centre located 7 km north of the Melbourne CBD and is adjacent to the busy Puckle Street retail strip. A second stage was added to the centre on an adjacent site in March 2009. The centre now offers a Kmart, Coles, discount liquor retailer and over 60 specialty stores.
| SUMMARY INFORMATION | |
|---|
| GRADE | Sub Regional |
| OWNERSHIP | 100% MPT |
| GLA | 18,577 sqm |
| CARSPACES | 914 |
| ACQUISITION DATE | May 03 & Feb 08 |
| LAST EXTERNAL VALUATION DATE | 30 Jun 10 |
| VALUATION AT 31 DEC 11 | $65.3m |
| VALUER | DIRECTORS VALUATION |
| CAPITALISATION RATE | 7.75% – 8.50% |
| DISCOUNT RATE | 9.50% – 9.75% |
| CENTRE MAT | $100m |
| OCCUPANCY COST | 16.3% |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| KMART | 4,728 | Mar 24 |
| COLES | 4,000 | May 22 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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