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Bulky Goods / Retail VPT
9 Durgadin Drive, Oak Flats NSW, Australia
Home Central - Albion Park

Description

The new centre comprises 9,900 sqm Magnetmart super hardware store and 4,171 sqm of bulky goods showroom.

Location

The property is located on an extremely high profile site in a new bulky goods precinct abutting the Princess Highway approximately 25kms south of Wollongong CBD. It is also adjacent to a newly constructed interchange at Oak Flats, two kilometers west of Shellharbour on the NSW South Coast. Major residential land releases are planned for the surrounding area.

 

Key Information

  • OwnershipVPT
  • Acquisition21/12/2005
  • Purchase Price ($,000)13,850
  • Book Value ($,000)19,000 (at 31/12/07)
  • Independant Valuation Date1/4/2007
  • Independant Valuation ($,000)19,700
  • Independant ValuerColliers
  • Valuation Cap Rate7.50%
  • Net Lettable AreaRetail: 14,071 sqm
  • Car Spaces369
  • Occupancy as at 31/12/200783%
  • No. Of Tenants3
  • WALE as at 31/12/20079.0
  • Rent Review StructureVarious
  • Age of Building2005 & 2006

Contact Details