Oasis Shopping Centre

Broadbeach, Gold Coast QLD

"Oasis Shopping Centre is a well-positioned convenience based shopping centre located directly opposite the beach in the heart of Broadbeach on the Gold Coast. Broadbeach is well located within the Gold Coast metropolitan area, is 3km from Surfers Paradise and only 20km to Gold Coast International Airport.

The property is the main enclosed shopping centre in Broadbeach and is anchored with a Woolworth supermarket, a Woolworths ALH managed tavern, and a number of long established restaurants including institutions like Mario’s Restaurant. The centre has a range of mini major tenants including Cotton Mega and over 110 specialty stores over two levels. The property is a mixed used asset with a significant office offering.

The Centre has undergone a number of staged refurbishments with allworks now complete. Projects included a significant investment in the dining precinct and long established Broadbeach Tavern as well as a complete Woolworths refurbishment. Oasis Shopping Centre is now set to capitalise on strong population growth and the expanding tourist market in the Gold Coast catchment area.”

http://www.oasisshoppingcentre.com/

Ownership interest 40%
Cap rate 7.00%
Valuation date June 2019
Acquisition date March 2015
Site area 21,160m2
Gross lettable area 23,379m2
Occupancy 77%
WALE by income 6.7
Rent review stucture Fixed and CPI
Major tenants by income Woolworths, BWS, Broadbeach Tavern
Parking spaces 998
Valuation range $20-30 million