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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, and approximately 150 specialty stores and kiosks. 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.

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Grade
REGIONAL
Ownership
100%
GLA
46,529 SQM

Summary information

Acquisition/Agreement Date Jun-16
Last External Valuation Date 31-Dec-20
Valuation at 30-JUN-25 $303.0m
Valuer Directors Valuation
Capitalisation Rate 5.75%
Discount Rate 7.00%
Centre Mat $239.8m
Specialty Occupancy Cost 14.9%
Specialty Sales $8,669/sqm
Car Spaces 1,931
Valuation: Includes sundry vacant land.
Specialty occupancy costs: Includes contracted COVID-19 tenant support.
Specialty sales: In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Lease Expiry Profile % Income

Wale: 3.7 YEARS

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
Entity Name NLA / GLA SQM Lease Expiry
Coles 3,589 May-32
Entity Name NLA / GLA SQM Lease Expiry
BCC Cinemas 2,664 Feb-28
Entity Name NLA / GLA SQM Lease Expiry
ALDI 1,659 Oct-31
Toombul

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.