ASSET

100% Freehold Equity Interest

DESCRIPTION

A 12,046sqm sub-regional shopping centre anchored by a full line Woolworths and Target providing approximately 62% of total gross income. Mowbray Marketplace is configured over two separate enclosed centres known as Mowbray Marketplace and Target Centre and is located approximately 4km north of Launceston CBD. The majors are supported by two mini majors The Reject Shop and Chemist Warehouse as well as 18 specialty tenants and two pad-sites comprising a drive-thru Cellarbrations and an EG Fuels petrol station. Mowbray Marketplace is located on a large 34,370sqm site set over two titles with carparking providing for 423 car bays at grade.

WALE:  5.3 years
Occupancy (% GLA):  97.6%
Gross Lettable Area:  12,046sqm
Freehold Land:  34,370sqm
Key Tenants:  Woolworths and Target