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 | |
|---|
| GRADE | Sub Regional |
| OWNERSHIP | 100% MPT |
| GLA | 38,373 sqm |
| CARSPACES | 2,200 |
| ACQUISITION DATE | Nov 02 |
| LAST EXTERNAL VALUATION DATE | 31 Dec 11 |
| VALUATION AT 31 DEC 11 | $131.5m |
| VALUER | SAVILLS |
| CAPITALISATION RATE | 7.75% |
| DISCOUNT RATE | 9.50% |
| CENTRE MAT | $181m |
| SPECIALTY OCCUPANCY COST | 15.2% |
| MAJOR TENANTS | NLA SQM | LEASE EXPIRY |
|---|
| TARGET | 6,796 | Jun 20 |
| BIG W | 6,770 | Mar 27 |
| LEASE EXPIRY PROFILE % AREA | |
|---|
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