Oasis Shopping Centre

Broadbeach, Gold Coast QLD

Oasis Shopping Centre is a three-level sub-regional shopping mall at the centre of Broadbeach, Queensland, on the Gold Coast.

The property is in the heart of Broadbeach, a popular tourist destination for Australian and international travellers. Within walking distance to the beach and landmarks including the Gold Coast Convention Centre and Jupiter’s Hotel and Casino, Oasis caters to both Broadbeach residents and visitors, experiencing approximately 6.8 million visitors a year. The property has a strong mix of national and regional tenants. The centre is anchored by Woolworths Limited and has 125 specialty stores.

This property is held in joint venture with global investment firm KKR.

Ownership interest 40%
Cap rate 7.50%
Valuation date December 2015
Acquisition date March 2015
Site area 21,160m2
Gross lettable area 22,338m2
Occupancy 76%
WALE by income 2.8 years
Rent review stucture CPI and Fixed
Major tenants by income Woolworths, Broadbeach Tavern and My Fitness
Parking spaces 1,250
Valuation range $20-30 million (equity ownership)