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Rhodes Waterside street view
RETAIL

RHODES WATERSIDE

1 RIDER BLVD, RHODES, NSW 2138

Rhodes Waterside is co-located with IKEA in the significant Rhodes residential and office precinct. Major retailers include Coles, ALDI, Kmart, Bing Lee and Reading Cinemas in addition to approximately 120 specialty stores and office suites. The centre features a strong dining offering and has seen significant growth through catchment population expansion, remixing and customer-focussed initiatives.

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Grade
REGIONAL
Ownership
50% Mirvac, 50% Perron
GLA
35,234 SQM

Summary information

Acquisition/Agreement Date Jan-07
Last External Valuation Date Dec-22
Valuation at 31-DEC-23 $171.0m
Valuer Directors Valuation
Capitalisation Rate 5.75%
Discount Rate 6.75%
Centre Mat $224.6m
Specialty Occupancy Cost 16.7%
Specialty Sales $9,937/sqm
Car Spaces 2,414
1. Book value represents Mirvac's ownership.
2. Includes contracted COVID-19 tenant support.
3. In line with SCCA guidelines.

Lease Expiry Profile % Income

Wale: 2.6 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Reading Cinemas 4,122 Mar-30
Entity Name NLA / GLA SQM Lease Expiry
Kmart 3,795 Nov-24
Entity Name NLA / GLA SQM Lease Expiry
Coles 3,497 Jun-30
Rhodes Waterside interior

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Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.