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SALEANALYSISStMarysVillage,StMarysNSW
SUB-REGIONALCENTRE|5.04%PASSINGYIELD|$68,000,000SALEPRICE
Boundariesindicativeonly
PropertySummaryVendor Mirvac
Purchaser PrivateInvestor
Propertytype Sub-RegionalCentre
Saledate Oct-19
Lettablearea(sqm)* 15,904
Parkingspaces* 551spaces(3.5per100sqm)
Sitearea(sqm)* 41,950
Zoning B4MixedUse
FinancialSummary*FullyLeasedNetIncome $3,636,000pa
PassingNetIncome $3,429,761pa
WALE(byarea) 3.1yrs
AvgGrossSpecialtyRent $1,100persqm
SalePrice $68,000,000
SalePrice(ratepersqmGLAR) $4,276
FullyLeasedYield 5.35%
PassingYield 5.04%
LeaseExpiryProfile(byarea)*
StMarysVillageisarareSydneymetropolitansub-regionalshoppingcentreonanexpansive4.2ha*site.StMarysVillageislocated44kms*westoftheSydneyCBDand8kms*eastofPenrithCityCentre.ThesiteispositionedwithintheWesternEconomicGrowthCorridorandwillbenefitfromincreasedinfrastructurespendingaroundtheWesternSydneyAirport(located17kms*southwestoftheProperty).ThecentreislocatedonahighprofilecornersiteandformsakeycomponentoftheStMarysTownCentre.StMarysVillageisawell-establishedsub-regionalshoppingcentreanchoredbyWoolworthsandTarget(expires2021),andcomplementedby37specialties,4kiosksand3ATMsacross15,904sqm*ofGLA.Thecentreprovides551parkingspacesandiseasilyaccessibleviafourvehicularaccesspoints.
CentreComposition*Category Area(sqm) GrossRent(%) Area(%)
Woolworths 4,046 13% 25%
Target 8,109 16% 51%
Specialties(37) 3,660 66% 23%
Kiosks(4) 87 5% 1%
ATMs 3 <1% <1%
Total 15,904 100% 100%
*Approximate
1% 3% 6%
55%
4%0% 1%
27%
2%
0%
20%
40%
60%
SALEANALYSISStMarysVillage,StMarysNSW
SUB-REGIONALCENTRE|5.04%PASSINGYIELD|$68,000,000SALEPRICE
CENTREPLAN
Floorplanindicativeonlyandnottoscale
SALECONSIDERATIONS CONTACT
+ 21firstroundoffersreceived,allinexcessofthebookvalueof$50million
+ Soldfor$68millionwithnoduediligenceperiodandstrongpricingsupportfromunderbidders
+ RareSydneymetropolitanoffering,limitedspecialtyprovisionandvalue-add/developmentopportunityunderpinnedinterest
+ Majorrepositioningopportunity-Targetexpiryin2021(withnooptions)onalowgrossrentalof$111persqm
+ LocatedinahighgrowthcorridorwithPrimarySectorMTApopulationforecasttogrowby2.2%pato2031(MacroPlanDimasi,October2018)
Salenegotiatedby:
McVayRealEstateLevel32,200GeorgeStreetSydneyNSW2000AustraliaSamMcVayManagingDirectorEsam@mcvayre.com.auM+61402613603
[email protected]+61412872859
InconjunctionwithStonebridgePropertyGroup
