Caloundra Village Shopping Centre
An Opportunity to Invest – Offer closes 7 July 2017
Exclusive offer to sophisticated and wholesale investors to invest in a leading South-east Queensland shopping centre.
Register your expression of interest to obtain a copy of the Information Memorandum.
Investment highlights:
- Key Sunshine Coast location in the Caloundra CBD anchored by new 15+10 IGA lease
- Experienced fund operator and asset manager with strong track record of success
- Growth area surrounded by high-rise residential zoned land
- Site area – 7,764 sqm – 3,009 sqm NLA – 110 car spaces – three street frontages
- 8.0% forecast distributions in year one rising to 9.25% forecast distribution by year five.
- Target IRR at year five of 13.8% pa
- 8.5-year WALE (weighted average lease expiry) and 100% occupancy rate* providing strong future income profile
- Cosmetic refurbishment to be completed in 2017 set to provide strong rental uplift across future leases
Offer closes 7 July 2017 – register now to receive a copy of the Information Memorandum.
Located in the fast-growing Sunshine Coast, Caloundra is a well-established residential and tourist destination with a population set to double within the next 20 years and forecast infrastructure spending of more than $10Bn. The asset is a strong defensive asset in a location that provides significant barriers to entry for any new or expanded large floorplate retail development.
Currently managing more than $120m of real estate assets in South East Queensland, the investment manager, Marquette Properties, has a strong track record and expertise in retail property. The targeted investment strategy is based around a cosmetic refurbishment in 2017, followed by a 5-year hold while enjoying strong rental income. Through improving tenant profiles and leases, Marquette is projecting an exit price of $25m representing a 6.25% exit capitalisation rate.
