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Port Hedland Shopping Centre
Joint Venture |
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| Property description |
Single level shopping centre incorporating which has Woolworths on a 20 year lease from September 2008. There are 22 specialty tenancies including Harvey Norman, Liquorland, Chicken Treat and a Woolworths petrol plus station. |
| Property location |
Corner McGregor and Wilson Streets Port Hedland |
| Syndicate commencement date |
December 2001 |
| Property purchase price |
$7.15 million |
| Current value |
$13.5 million (valuation Dec 2007) |
| Current return |
9.5% |
| Syndicate term |
8 years |
| General comments |
Almost $3 million has been spent on refurbishment of the property. This is expected to further enhance the value above the last valuation. |
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