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BLACKBURN SQUARE SHOPPING CENTRE, BLACKBURN NORTH VIC

Major Tenant

NLA sqm

% NLA

Expiry

Rent Review

Coles

4,051

23%

12 April 2037

3 yearly aggregate of base plus turnover rent

Woolworths

3,694

21%

30 June 2035

5 yearly aggregate of base plus turnover rent.

 

Blackburn Square Shopping Center, VIC

Property information as at 31 December 2023

Book value 

$141.3m

Capitalisation Rate 

5.50%

Net Lettable Area (sqm) 

17,573sqm

Site Area (sqm) 

49,510sqm

Site Coverage 

35.5%

Occupancy (by NLA) 

98.0%

WALE

9.34 years

Building constructed 

1967

Latest refurbishment 

2023