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Yamba Shopping Fair, Yamba |
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Nature of Property
The Yamba Shopping Fair is a single level shopping centre anchored by a Bi-Lo supermarket and a Target Country discount department store. There are 30 speciality shops and 320 car parks. In addition, the Trust owns 3 adjacent residential properties which, subject to Council consent, may be used for future car parking.
Work is currently underway to convert the existing Bi-Lo supermarket to a full-line Coles supermarket. The $4 million work to the centre will bring an additional 1,000 square meters of supermarket floor space. An agreement has been finalised with Coles for a 20 year lease with options of up to 20 more years. To download a copy of the expansion poster > Click Here
Key Property Details
| Date Purchased: |
September 2001 for centre
September 2004, December 2004 & November 2006 for residential properties |
| Purchase Price |
$7,400,000 for centre
$865,000 for adjacent residential properties |
| Valuation: |
$20,000,000 for centre
$860,000 for adjacent residential properties |
| Valuation Date: |
June 2011 |
| Structure of Ownership: |
Direct |
| Percentage of Ownership: |
100% |
| Principal Use: |
Shopping Centre |
| Total NLA: |
7,045m2 |
| % Vacant NLA: |
2.46% |
| WALE (as at 30 June 2010): |
13.09 Years |
Major Tenants
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% of Income |
Lease Expiry |
| Coles Supermarket |
46.36% |
April 2031 |
| Target Country |
9.70% |
November 2015 |
| Priceline Pharmacy |
7.84% |
December 2021 |
| The Reject Shop |
7.49% |
September 2017 |
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