Rhodes Waterside street view
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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, Target, Bing Lee and Reading Cinemas in addition to over 120 specialty stores. The centre features a strong dining offering and has seen significant growth through population growth, remixing and customer-focussed initiatives.

Grade
REGIONAL
Ownership
50% Mirvac, 50% Perron
GLA
34,646 SQM

Summary information

Car Spaces 2,414
Acquisition Date Jan-07
Last External Valuation Date 30-Jun-19
Valuation at 30-JUN-20 $206.0m
Valuer Directors Valuation
Capitalisation Rate 5.25%
Discount Rate 7.00%
Centre Mat $227.3m
Specialty Sales $8,994/SQM
Specialty Occupancy Cost 17.4%
Valuation: Book value represents Mirvac's ownership.

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Reading Cinemas 4,122 Dec-29
Entity Name NLA / GLA SQM Lease Expiry
Target 3,795 Nov-24
Rhodes Waterside interior

Lease Expiry Profile % Income

Wale: 3.1 YEARS