Moonee Ponds Central entrance
RETAIL

MOONEE PONDS CENTRAL

14-16 HALL ST, MOONEE PONDS, VIC 3039

Moonee Ponds Central is located seven kilometres north of the Melbourne CBD and conveniently connected to the busy Puckle Street retail strip. Moonee Ponds is currently undergoing strong population growth and densification in the immediate catchment, with the centre well positioned to benefit. The centre was most recently expanded in 2009 and comprises Kmart, Coles and an ALDI Supermarket, as well as over 60 specialty stores. A new outdoor dining offer was launched in 2019 which services the residents of nearly 1,500 apartments.

Classification
SUB REGIONAL
Ownership
100%
GLA
19,040 SQM

Summary information

Acquisition/Agreement Date May 03 & Feb 08
Last External Valuation Date 30-Jun-22
Valuation at 30-JUN-22 $105.0m
Valuer Urbis
Capitalisation Rate 5.75%
Discount Rate 6.50%
Centre Mat $166.6m
Specialty Occupancy Cost 12.6%
Specialty Sales $9,739/sqm
Car Spaces 887
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: 3.3 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Kmart 4,728 Mar-24
Entity Name NLA / GLA SQM Lease Expiry
Coles 4,000 May-32
Entity Name NLA / GLA SQM Lease Expiry
ALDI 1,221 Mar-23
Moonee Ponds Central interior

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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.