OzProp Gladstone 1 Class of Units
- Property type: Retail Shopping Centre
- Offer type: Fully subscribed , Retail
- City: Gladstone
- Zip Code: 4680
- Property size: 4,403 m²
- Year: 2007
- Lot size: 16,100 m²
- Investment Status: Fully subscribed
- Acquistion Date: December 2013
- Initial Investment: $11.75m
- IRR: 9.1 %
- Invesment Horizon: 5-7 years
- Current Valuation: $14.25m
Details
Sun Valley Marketplace comprises a convenience / neighborhood centre located along Sun Valley Rd in Kin Kora, Gladstone, approximately 9kms from Gladstone’s CBD. The centre has an open layout design and is anchored by a Drakes Supermarket, and supported by Hub Total Fitness and 12 specialty shops.
The centre provides a total GLA of approximately 1,106m2 under the current tenancy configuration. At grade parking is provided on the 1.61ha site with the potential of future development.
The asset is 100% owned by the OzProp Gladstone Shopping Centre Class of units issued by OzProp Investment Trust.
*Target Investment returns based on the terms and conditions stated in the relevant IM. Investment returns are not guaranteed and are subject to investment risk.
