Bayside

Cfx0001 756X393 0124 Bayside Entertainment Photos May 2007 034

Property Details

As at 31 December 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 185 specialty stores and a recently updated food and entertainment precinct.

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PROPERTY OVERVIEW

Gross lettable area (GLA) (sqm)

89,005

Car spaces

3,447

Occupancy rate by GLA (%)

99.6

Number of tenants

227

Weighted average lease expiry by GLA (years)

4.9

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

421.1

MAT/sqm – Total ($)

5,442

MAT/sqm – Specialty ($)

8,687

Specialty occupancy cost (%)^

15.4

MAJOR TENANTS~

Aldi

Coles

HOYTS Cinema

Kmart

Myer

Target

Woolworths

VALUATION

Valuation (External) ($m)*

600.0

Capitalisation rate (%)

6.00

Discount rate (%)

7.00

SUSTAINABILITY RATINGS

Green Star – Performance

3 Stars

NABERS Energy rating

4.0 Stars

NABERS Water rating

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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