Updated: 4 days ago
The Australind Trust is purchasing two retail properties known as The Village Australind Shopping Centre and Mardo Commercial Centre . The properties are approximately 12km north of Bunbury and 160km south of Perth in Western Australia.
The combined site area of the two properties is approximately 3.5 hectares and the properties are located on adjoining lots with a shared car park separating the two.
The Village Australind Shopping Centre has 7,724sqm of gross lettable area.
The Mardo Commercial Centre has 1,597sqm of gross lettable area.
Purchase Price $39.43m
Projected returns on equity
Year 1 Distribution Forecast 8.7%
Average (5yr) Distribution Forecast 8.9%
Projected Internal Rate of Return (IRR) 10.1%
Monthly Distributions from Settlement
Weighted Average Lease Expiry (“WALE”) by area of 10.3 years.
Tenant anchors including Coles , Aldi and Chemmart Pharmacy, which together contribute 67% of the net income of both properties.