The Myer Centre Brisbane

Cfx0001 756X393 0031 Myer Centre Brisbane 2013
Cfx0001 756X393 0030 Myer Centre Brisbane 010
Cfx0001 756X393 0029 Myer Centre Brisbane 005
Cfx0001 756X393 0028 Myer Centre Brisbane 2884

Property Details

As at 31 December 2016

Property Description

The Myer Centre Brisbane is a six level City Centre located in the heart of Brisbane. It is anchored by Myer, Target, Coles Central and Event Cinemas and includes more than 150 specialty stores.

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PROPERTY OVERVIEW

GLA (sqm)

63,718

Car spaces

1,450

Occupancy rate by GLA (%)

99.3

Number of tenants

186

Weighted average lease expiry by GLA (years)

8.5

Tenant mix by gross lettable area (GLA)

SPECIALTY STORE LEASE EXPIRY PROFILE BY INCOME

RETAIL STATISTICS

Moving annual turnover (MAT) ($m)

331.3

MAT/sqm – Total ($)

5,400

MAT/sqm – Specialty ($)

10,641

Specialty occupancy cost (%)^

21.0

MAJOR TENANTS~

Coles Central

Myer

Target

VALUATION

Valuation (External) ($m)*

775.0

Valuation date

December 2016

Capitalisation rate (%)

5.75

Discount rate (%)

7.75

NABERS RATINGS

Energy

2.5 Stars

Water

2.5 Stars

" Includes holdovers.
^ Includes marketing levy and based on GST inclusive turnover.
^^ 50% acquired in 1998 and reduced to 25% in 2016 through divestment.
* Expressed on 100% basis.
~ Classified in accordance with SCCA guidelines, typically includes department stores, discount department stores and supermarkets.

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