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The property is a neighbourhood retail shopping centre located in Busselton, approximately 250 kilometres south of the Perth CBD. The area is a popular seaside destination and is recognised as one of Western Australia's premier tourist destinations. The property comprises two separate sites, one developed as a shopping centre, the other for car parking. The shopping centre is located adjacent to the Target Country and Prince Street properties, which are owned by the Fund.


Property information

This property information is current at 30 June 2020. We are not aware of any change to these details at the time of publishing.

Property details

  • Lettable Area (sqm)
    9,062
  • Major tenant
    Coles
  • No. of Tenants
    17
  • Occupancy Rate by income (%)
    90.1
  • Weighted Average Lease Expiry by income (years)
    6.2
  • Current Valuation ($m)
    45.4
  • Valuation date
    May-20
  • Capitalisation Rate %
    6.32
  • Book Value ($m)
    45.77

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