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 | |
|---|
BACK