Bankstown Central

Bankstown 756X393

Property Details

As at 31 December 2017

Property Description

Bankstown Central is a three level Major Regional shopping centre located approximately 20 kilometres south-west of the Sydney CBD. It is anchored by Myer, Big W, Kmart, Target, Woolworths and Supa IGA and includes more than 240 specialty stores. The centre has recently undergone a transformation of the food court, increasing its seating capacity to 600 as well as a reconfiguration of its amenities.

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PROPERTY OVERVIEW

GLA (sqm)

85,628

Car spaces

3,174

Occupancy rate by GLA (%)

99.6

Number of tenants

298

Weighted average lease expiry by GLA (years)

4.2

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

455.3

MAT/sqm – Total ($)

6,102

MAT/sqm – Specialty ($)

8,220

Specialty occupancy cost (%)^

18.8

MAJOR TENANTS~

Big W

Kmart

Myer

Supa IGA

Target

Woolworths

VALUATION

Valuation (Internal) ($m)*

710.0

Valuation date

December 2017

Capitalisation rate (%)

6.00

Discount rate (%)

7.50

SUSTAINABILITY RATINGS

Green Star – Performance

2 Stars

NABERS Energy

3.5 Stars

NABERS Water

1.5 Stars

" Includes holdovers.
^ Includes marketing levy and based on GST inclusive turnover.
* Expressed on 100% basis.
~ Classified in accordance with SCCA guidelines, typically includes department stores, discount department stores and supermarkets.

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