Project Description

Address

Cnr Gibson & Mary Street, Noosaville QLD 4566

Purchase price

$25.1 million

Acquisition date

November 2014

Description

Noosa Village Shopping Centre is the dominant shopping centre in its trade area, strategically located within the retail hub of Noosaville on the Sunshine Coast, Queensland, with a trade area population of approximately 36,000.

Features

Constructed in 1994, the property is a fully enclosed shopping centre, anchored by a full-line Woolworths with 21 speciality stores and 3 ATMs for a total lettable area of 4,692m2.

Key tenants

Woolworths, Amcal Chemist, The Reject Shop.

Passing yield

6.6%1

Weighted average lease expiry (WALE)

5.6 years1

IMAGE GALLERY

1 Calculated as of 30 June 2017