Cooleman Court
RETAIL

COOLEMAN COURT

BRIERLY ST, WESTON, ACT 2611

Cooleman Court is a convenience-based neighbourhood centre located in the Canberra suburb of Weston Creek, approximately 9 kilometres south-west of the Canberra CBD. The centre has two supermarkets, Woolworths and ALDI, and approximately 40 specialty stores. The new residential area of Molonglo Valley is currently being developed a few kilometres from Cooleman Court and is expected to positively impact the centre.

Classification
NEIGHBOURHOOD
Ownership
100%
GLA
10,402 SQM

Summary information

Acquisition/Agreement Date Dec-09
Last External Valuation Date 31-Dec-21
Valuation at 30-JUN-22 $76.5m
Valuer Directors Valuation
Capitalisation Rate 5.50%
Discount Rate 6.00%
Centre Mat $129.3m
Specialty Occupancy Cost 13.9%
Specialty Sales $8,477/sqm
Car Spaces 514
Specialty occupancy costs: Includes contracted COVID-19 tenant support.
Specialty sales: In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Lease Expiry Profile % Income

Wale: 4.5 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Woolworths 2,867 Aug-31
Entity Name NLA / GLA SQM Lease Expiry
ALDI 1,548 Jun-31

img4

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.