Investment
Status
Sold
Sale
Price
$28.25M
Date of
Sale
Feb '21
Day One
Distribution
9.50%
Internal Rate
of Return*
8.00%
Term
5.5 years
About Sentinel Homemaker Trust
The Modern, established bulky goods retail centre is located in coastal Geraldton, approximately 425km north of Perth, WA. The property was completed late 2006, and contains 15,950m² lettable area.
The property has a superior tenant profile with national tenants including: Spotlight, The Good Guys, Forty Winks, Godfreys, Supercheap Auto, McDonalds, Repco, Barbecues Galore, Petbarn and Anytime Fitness.
Geraldton Port is the largest wheat exporter in WA & achieved its 8th consecutive annual export record in 2013/14. Output of the Greater Geraldton economy estimated at $5.072 billion.
WA accounted for 6 of the 20 hotspots nationally where population growth exceeds the national rate and value of residential development approvals exceed $100 million (AFR/Housing Industry Association, 2015). Geraldton has benefited from 14 years of consecutive population growth.
The centre benefits from a well exposed position on the Northwest Coastal Highway with limited surrounding competition.
Gallery
Location
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