Bathurst Home Centre
High-yielding LFR centre secured with a 4.4-year WALE below replacement cost.
Bathurst Home Centre is the dominant large-format retail centre in one of New South Wales's largest regional centres.
The centre is home to numerous national tenants, including Harvey Norman, Amart Furniture and Spotlight, plus many more. Acquired 100% leased with a high initial yield and long WALE, the asset represents fantastic income-generating characteristics.
ACQUISITION DATE
April 2024
PROPERTY TYPE
Large Format Retail
GROSS LETTABLE AREA
17,552 sqm
SITE AREA
52,050 sqm
CAR PARKING
408 bays
KEY CHARACTERISTICS
- Replacement Cost: The acquisition price represents a material discount to replacement cost of the improvements excluding any value for the land.
- Modern Facility: The modern facility was constructed in 2015/2016 and has been maintained to a high standard.
- Future Development Potential: The low site cover of the existing structures is supportive of further development.
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