OzProp HC Class of Units
- Property type: Retail Shopping Centre
- Offer type: Bulk Goods , Fully subscribed
- City: Coffs Harbour
- Zip Code: 2450
- Street: 1 Gerard Drive
- Property size: 6,300 m²
- Lot size: 16,690 m²
- Investment Status: Fully subscribed
- Acquistion Date: June 2017
- Initial Investment: $11.75m
- IRR: 15.7 %
- Invesment Horizon: 5-7 years
- Current Valuation: $18.5m
Details
Home Central is situated on the northern alignment of Gerard Drive, within the city of Coffs Harbour NSW. The property comprises a single level large format retail complex containing three tenancies which include Spotlight, Choice Discount Store and Pillow Talk, providing a total GLA of 6,300 square metres and on grade car parking for approximately 182 vehicles.
Home Central was originally constructed in circa 2001 and subsequently underwent a refurbishment in 2005 which incorporated the subdivision of the building into three separate units all of which have their own loading dock facilities and amenities at the rear.
The asset is 100% owned by the OzProp HC Trust 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.
