Birkenhead Point
RETAIL

BIRKENHEAD POINT BRAND OUTLET

19 ROSEBY ST, DRUMMOYNE, NSW 2047

Birkenhead Point Brand Outlet is situated five kilometres from the Sydney CBD on a prime 3.7 hectare waterfront site. The asset incorporates a premium outlet centre complemented by a convenience-based retail offering anchored by Coles and ALDI, with approximately 150 specialty tenancies. The centre features a range of quality brands including Armani, Bally, Coach, Michael Kors, Nike, Polo Ralph Lauren and Peter's of Kensington. The centre also incorporates 3,500 square metres of commercial office suites and a marina comprising ~200 berths.

Grade
OUTLET CENTRE
Ownership
100%
GLA
33,171 SQM

Summary information

Car Spaces 1,351
Acquisition Date Dec-14
Last External Valuation Date 31-Dec-19
Valuation at 30-JUN-20 $431.5m
Valuer SAVILLS
Capitalisation Rate 5.25%
Discount Rate 7.00%
Centre Mat $303.3m
Specialty Sales $11,230/SQM
Specialty Occupancy Cost 10.7%
Valuation: Includes Marina and nearby property 64 Roseby St, Drummoyne.
Capitalisation and discount rates: Relates to retail component only.

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Coles 2,692 Nov-26
Entity Name NLA / GLA SQM Lease Expiry
Spotlight 1,796 Sep-20
Birkenhead Point waterfront view

Lease Expiry Profile % Income

Wale: 2.4 YEARS