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Broadway Sydney street view
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BROADWAY SYDNEY

1 BAY ST, GLEBE, NSW 2037

Broadway Sydney is located on the fringe of the Sydney CBD and services the densely populated and growing catchment of Sydney's inner city and inner west. The centre is anchored by two discount department stores (Kmart and Target), two supermarkets (Coles and ALDI) and a cinema (Hoyts). The centre also features key retailers including Harris Farm Markets, Apple, JB Hi-Fi, Harvey Norman, Mecca, LEGO, with approximately 130 specialty stores. The centre ranked "Number 1" in the Shopping Centre News Big Guns moving annual turnover per square metre awards in 2023.

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Grade
REGIONAL
Ownership
50% Mirvac, 50% Perron
GLA
52,500 SQM

Summary information

Acquisition/Agreement Date Jan-07
Last External Valuation Date Dec-23
Valuation at 31-DEC-23 $411.0m
Valuer CBRE
Capitalisation Rate 5.00%
Discount Rate 6.50%
Centre Mat $661.8m
Specialty Occupancy Cost 16.5%
Specialty Sales $15,328/sqm
Car Spaces 1,650
1. Book value represents Mirvac's ownership. Also includes adjoining properties 52-60 Francis St, Glebe; 80 Bay Street, Ultimo and 1-3 Smail Street, Ultimo.
2. Relates to retail component only.
3. Includes contracted COVID-19 tenant support. In line with SCCA guidelines.

Lease Expiry Profile % Income

Wale: 2.7 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Kmart 7,394 Mar-33
Entity Name NLA / GLA SQM Lease Expiry
Hoyts 4,857 Jul-28
Entity Name NLA / GLA SQM Lease Expiry
Target 4,721 Apr-27
Broadway Sydney interior with skylight

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Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.