Download pdf - SUB-REGIONAL CENTRE | 5.04% PASSING YIELD | $68,000,000 ... · Passing Yield 5.04% Lease Expiry Profile (by area)* St Marys Village is a rare Sydney metropolitan sub-regional shopping

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