East Village interior flower shop
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EAST VILLAGE

4 DEFRIES AVE, ZETLAND, NSW 2017

East Village is an award-winning mixed-use retail centre that opened in October 2014, located three kilometres south of the Sydney CBD in the rapidly densifying urban renewal area of Zetland. The centre is strongly anchored by Coles, an Audi Service Centre and Virgin Active Health Club with over 50 specialty stores. The centre ranked “Number 1” in Australia, in Shopping Centre News Little Guns Awards for annual turnover per square metre, four years in a row (2016-2019) and is set to benefit from strong forecast population growth in its catchment.

Grade
SUB REGIONAL
Ownership
100%
GLA
32,961 SQM

Summary information

Car Spaces 671
Acquisition Date Jul-16 (49.9%) Aug-17 (50.1%)
Last External Valuation Date 30-Jun-19
Valuation at 30-JUN-20 $327.0m
Valuer Directors Valuation
Capitalisation Rate 5.25%
Discount Rate 7.00%
Centre Mat $175.5m
Specialty Sales $11,876/SQM
Specialty Occupancy Cost 12.90%

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Audi 13,172 Oct-34
Entity Name NLA / GLA SQM Lease Expiry
Virgin Active 4,835 NOV-34
East Village interior people shopping

Lease Expiry Profile % Income

Wale: 6.6 YEARS