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Bulky Goods / Retail VPT
9-67 Chapel Road, Bankstown NSW, Australia
Description
A bulky goods centre completed in 2002 and accommodating 17 tenancies in a U style format. There is on site car parking for 333 vehicles. The centre is anchored by a Good Guys electrical store and a Fitness First gym. The property was acquired by Valad in March 2005 with opportunities for tenant remixing and further development.
Location
The centre is located on the eastern side of Chapel Road, close to its intersection with Canterbury Road. It is ideally situated within an established bulky goods retail precinct serving a densely populated trade area within the south western region of Sydney.
Key Information
- Ownership VPT - 100%
- Acquisition 1/03/2005
- Book Value ($,000) 40,300 (at 30/06/2008)
- Valuation Cap Rate 7.80%
-
Net Lettable Area
Retail: 17,036 sqm
- Car Spaces 333
- Occupancy as at 30/06/2008 100%
- No. Of Tenants 19
- WALE as at 30/06/2008 3.8 years
- Age of Building 2002
Contact Details
- Guy Halsted
- 02 8257 6653
- guy.halsted@valad.com.au