Toombul
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TOOMBUL

1015 SANDGATE RD, TOOMBUL, QLD 4012

Toombul is located in a growing inner urban area of Brisbane, just seven kilometres from Brisbane's CBD and six kilometres from Brisbane Airport. The centre benefits from excellent accessibility via major roadways as well as rail and bus links. Toombul has approximately 46,000 square metres of gross lettable area comprising Coles, ALDI, Kmart, Target, BCC Cinemas, Bunnings Warehouse and approximately 150 specialty stores. Since Mirvac’s acquisition in 2016 the centre has been progressively remixed and upgraded, with the latest development of an alfresco dining and entertainment precinct which was completed late 2019.

Grade
REGIONAL
Ownership
100%
GLA
46,422 SQM

Summary information

Car Spaces 1,917
Acquisition Date Jun-16
Last External Valuation Date 31-Dec-19
Valuation at 30-JUN-20 $320.0m
Valuer Knight Frank
Capitalisation Rate 5.75%
Discount Rate 7.00%
Centre Mat $248.8m
Specialty Sales $8,825/SQM
Specialty Occupancy Cost 14.9%
1. Includes sundry vacant land.

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Kmart 6,725 Feb-27
Entity Name NLA / GLA SQM Lease Expiry
Target 6,582 Oct-26
Toombul

Lease Expiry Profile % Income

Wale: 4.4 YEARS