Ashfield Mall is a sub-regional shopping centre located 10 kilometres south-east of the Sydney CBD, close to the railway station and bus interchange.
http://www.ashfieldmall.com.au/
The fully enclosed four level building has four anchor tenants and over 80 specialty shops. The centre’s MAT (Moving Annual Turnover) has increased to over $201 million since acquisition.
Our strategy remains to position Ashfield Mall as the quality food and convenience offer for the Sydney inner west suburbs. The upgrade works to the centre’s frontage, signage and forecourt have completed and both two forecourt tenancies are leased out. This has positively enhanced the centres ambience with improved alfresco dining options. We anticipate further growth in MAT as we improve the fresh food offering and continue to re-mix tenancies improving the overall retail offer.
| Ownership interest | 100% |
| Cap rate | 5.50% |
| Valuation date | December 2017 |
| Acquisition date | September 1997 |
| Site area | 21,890m2 |
| Gross lettable area | 24,922m2 |
| Occupancy | 99% |
| WALE by income | 4.6 years |
| Rent review stucture | CPI and Fixed |
| Major tenants by income | Woolworths, Coles, Kmart and ALDI |
| Parking spaces | 1,074 |
| Valuation range | $190-220 million |