The Opportunity

Tamworth City Plaza fronts the thriving and primary retail strip of Peel Street in the heart of Tamworth's CBD, incorporating a total GLA of 13,769.50m²*. The Centre comprises a well configured, enclosed shopping centre, anchored by a Coles Supermarket, Kmart DDS, 35 specialty tenancies and 2 ATM's.

* Securely Leased to Strong-Performing Blue Chip Anchor Tenants
Tamworth City Plaza is anchored by a full-line Coles Supermarket and Kmart DDS, comprising 77% of the total centre GLA and 52% of the total gross income. Coles demonstrating excellent sales growth reflecting 10% uplift year on year and generating strong additional percentage rental.

* Strong Specialty MAT Performance
Strong specialty MAT performance with a number of tenants reflecting in excess of $10,000m². Coupled with an average specialty occupancy costs of approx 9.00%, supporting additional rental growth.

* Quality Specialty Retail Mix
Complimenting the Centre's majors is a quality specialty retail mix, comprising 89% national retailers, including HCF, Bakers Delight, Price Attack, Goldmark and Flight Centre.

* Medium Term Value-Add Potential
There is significant potential to value-add, due to the short term nature of both anchor tenancies and the Centre's format, presenting an opportunity to reconfigure, re-mix and refurbish the asset.


Property Highlights
* Outstanding Coles sales performance with MAT 25% above the industry average and forecast to pay percentage rent;

* Average specialty gross rental $699/m²* with specialty occupancy cost reflecting a low 9.00%* supporting further rental growth;

* 52% of the rental income and 77% of the total GLA secured to majors;

* Capturing main trade area of 97,720* persons;

* Prime landmark site along Peel Street within the heart of Tamworth CBD

* Fully leased net income $3,580,000 pa*

*Approx