Project Description

Address

Cnr Kellicar & Narellan Rd, Campbelltown NSW 2560

Purchase price

$48.3 million

Acquisition date

August 2016

Description

Well positioned neighbourhood shopping centre with a triple street frontage and at the intersection of Kellicar and Narellan Roads, with good exposure to passing traffic and close to Macarthur train station, hospital, M5 freeway and other essential infrastructure. This investment provides a strategic landholding and is the only convenience centre in the Campbelltown central business area.

Features/Repositioning

Anchored by a 3,700m2 Woolworths supermarket, three mini-majors, 20 specialty stores and a Hungry Jacks pad site, with total lettable area of 9,230m2 and on-grade parking for 295 cars.

Key tenants

Woolworths, Trade Secrets, Country Fresh and Chemist Warehouse.

Passing yield

5.6%1

Weighted average lease expiry (WALE)

5.7 years1

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1 Calculated as of 30 June 2017