OzProp Noosa Junction Class Of Units
- Property type: Retail Shopping Centre
- Offer type: Fully subscribed , Retail
- City: Noosa Heads
- Zip Code: 4567
- Street: 81 Noosa Drive
- Property size: 5,091 m²
- Year: 1987
- Lot size: 7,904 m²
- Investment Status: Fully Subscribed
- Acquistion Date: 06/05/2016
- Initial Invesment: $16m
- IRR: 17.36 %
- Investment Horizon: 5-7 years
- Current Valuation: $31.5m
Details
Noosa Heads is a world-renowned area in Queensland. The Noosa Junction Plaza Shopping Centre is located in the prime Commercial Precinct on the corner of Noosa Drive and Sunshine Beach Drive.
Noosa Junction Plaza is a modern fully enclosed shopping centre anchored by a full line 2,153 sqm Seasons IGA supermarket, a 1,395 sqm KHub, a 236 sqm Terry White Chemist and the 284 sqm 4Pines Brewery. In addition, there is a further 1,062 m2 of retail specialty tenancies bringing the total Gross Lettable Area (GLA) to 5,130 sqm.
The asset is 100% owned by the OzProp NJ 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.
