Sentinel Countrywide Retail Trust - Big W Atherton
Date of Purchase
May '19 Net Distribution
About Sentinel Countrywide Retail Trust
Countrywide Retail Trust has purchased a modern freestanding retail investment in Atherton Cairns.
Forecast minimum distribution 9.50% pa year one (paid monthly, post interest rate/expenses contingency of approximately 7% year one).
100% occupied by National Tenant (Big W) the centre has approximately 4,480m² lettable area and a total land area of 11,300m².
Atherton has a population of 11,000 and catchment area of 45,000 people (Tropical Tablelands Tourism, 2015). Greater Cairns Regional economy worth more than $12 billion and growing at a rate of 3% per annum.
Strong covenant with a 15 year lease expiring in 2021 plus 4 x 5 year options secured by Woolworths Limited. Big W Atherton’s trading levels are 57% above the Urbis Industry Benchmarks.
Highly convenient at grade parking for 173 vehicles (1:26m²) with further on-street parking for an additional 100 vehicles.
The Sentinel Countrywide Retail Trust is an open ended Pooled Trust also compromising of Riverdale Shopping Centre Dubbo, The Plaza @ Emerald and The Village @ Emerald, Woodlands Village Townsville, Bathurst Chase Shopping Centre, Westside Plaza Broken Hill and Port Hedland Boulevard Shopping Centre.