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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 |
$15 million (Sept 2010) |
| Current return |
10.70% |
| Syndicate term |
11 years (incl. extension for 3 years) |
| General comments |
Almost $3 million was spent on refurbishment of the property in 2009. |
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