1 Gateway Drive, Noosaville, Queensland
The Property
Noosa Gateway is a retail showroom centre anchored by Officeworks Superstores Pty Ltd and located within the coastal suburb of Noosaville, six kilometres west of Noosa. The property is situated in a locality characterised by a broad range of existing retail and retail/warehouse premises. Immediately surrounding the site are well-developed residential estates and industrial and retail showrooms.
Property Snapshot
| Property description |
Retail showroom centre |
| Value1 |
$11,900,000 |
| Valuation date |
15 May 2008 |
Weighted average lease term
(weighted by income) |
6.6 years |
| Net lettable area |
4,414 m2 |
| Date of acquisition |
15 December 2005 |
| Major tenants |
Officeworks Superstores, Beach House
Fitness, Sports Power |
Occupancy level
|
100% |
- This is the current book value of the property in the accounts of the Trust, based on an independent valuation conducted by m3 Property (Brisbane) Pty Ltd dated 31 May 2008.
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