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Bulky Goods / Retail VPT
9 Durgadin Drive, Oak Flats NSW, Australia
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
- Ownership VPT
- Acquisition 21/12/2005
- Purchase Price ($,000) 13,850
- Book Value ($,000) 19,000 (at 31/12/07)
- Independant Valuation Date 1/4/2007
- Independant Valuation ($,000) 19,700
- Independant Valuer Colliers
- Valuation Cap Rate 7.50%
-
Net Lettable Area
Retail: 14,071 sqm
- Car Spaces 369
- Occupancy as at 31/12/2007 83%
- No. Of Tenants 3
- WALE as at 31/12/2007 9.0
- Rent Review Structure Various
- Age of Building 2005 & 2006
Contact Details
- Guy Halsted
- 02 8257 6653
- guy.halsted@valad.com.au