Bayside

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Property Details

As at 30 June 2018

Property Description

Bayside is a three level Major Regional shopping centre located in the heart of Frankston, approximately 50 kilometres south of the Melbourne CBD. It is anchored by Myer, Kmart, Target, Aldi, Coles, Woolworths and HOYTS Cinema. The centre includes more than 190 specialty stores and a recently updated food and entertainment precinct.

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PROPERTY OVERVIEW

GLA (sqm)

88,980

Car spaces

3,438

Occupancy rate by GLA (%)

98.8

Number of tenants

235

Weighted average lease expiry by GLA (years)

5.1

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

424.0

MAT/sqm – Total ($)

5,246

MAT/sqm – Specialty ($)

8,301

Specialty occupancy cost (%)^

15.9

MAJOR TENANTS~

Aldi

Coles

HOYTS Cinema

Kmart

Myer

Target

Woolworths

VALUATION

Valuation (External) ($m)*

630.0

Valuation date

June 2018

Capitalisation rate (%)

5.75

Discount rate (%)

7.50

SUSTAINABILITY RATINGS

Green Star – Performance

3 Stars

NABERS Energy

4.0 Stars

NABERS Water

4.0 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, supermarkets and cinemas.

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