Ashfield Mall is a sub-regional shopping centre located 10km south-west of the Sydney CBD, close to the local railway station and bus interchange. The fully enclosed four level building has four anchor tenants and over 80 speciality shops. The centre's MAT (Moving Annual Turnover) has increased to over $200m since acquistion.
Ashfield Mall provides a food and convenience offering for Sydney;s inner west suburbs.
With a backdrop of strong catchment population growth, Abacus and ISPT are exploring further opportunities to re-position the centre. Growth in MAT is anticipated as we re-energise the fresh food offering and continue to re-mix tenancies improving the overall retail experience.
| Ownership interest | 50% |
| Cap rate | 5.50% |
| Valuation date | June 2021 |
| Acquisition date | September 1997 |
| Site area | 21,890m2 |
| Gross lettable area | 24,996m2 |
| Occupancy | 98% |
| NABERS rating (Energy) | N/A |
| NABERS rating (Water) | N/A |
| WALE by income | 3.94 years |
| Rent review stucture | CPI and Fixed |
| Major tenants by income | Woolworths, Coles, Kmart, ALDI |
| Parking spaces | 1,074 |
| Valuation range | $80-100 million |
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