INVESTMENT HIGHLIGHTS

Stonebridge Property Group and Savills have the exclusive opportunity to offer for sale Ballina Central, a strong performing and well anchored sub regional shopping centre located within the northern NSW population growth town of Ballina, NSW. The property benefits from the following key investment considerations:

PRIME POSITIONED SITE

Positioned at the south eastern corner of the major intersection of Pacific Highway and Bangalow Road, the regularly shaped, level site has outstanding prominence and exposure to passing traffic. The property is also in close proximity to complementary retail offerings including Ballina Fair and as such forms an integral part of the retailing hub of Ballina.

EXCELLENT TENANCY PROFILE AND COMPOSITION

Ballina Central is anchored by a full line Ritchie’s Supa IGA supermarket and Big W discount department store, with both tenants secured on long term leases which do not expire until 2026. In keeping with its prime position within the core retailing precinct of Ballina as well as an extensive trade catchment, these destinational anchor tenancies are complemented by a strong specialty tenancy profile including some of Australia’s most recognised retailers including Priceline, Dick Smith Electronics, The Telstra Shop, Woolworths Plus Petrol and Hungry Jacks.

STRONG INCOME SECURITY AND GROWTH FUNDAMENTALS

Approximately 80% of total gross income is derived from the major and national retailers. Furthermore, the specialty tenancies are predominantly structured on net lease terms with strong fixed rental review structures of between 4-5% per annum. This combination of income security and rental growth uplifts, together with potential cost savings, provide a very compelling investment proposition.

GROWING TRADE AREA

With an existing Trade Area of 61,820 people and with forecast population growth of 1.1% by 2021, Ballina Central is well positioned to harness growing turnover performance and further enhance future rental growth.

MINIMAL SPECIALTY TENANCIES

A sub-regional shopping centre comprising 2 full sized anchor tenancies with only 21 specialty tenances, 2 pad-sites and 2 ATM’s. With approximately 80% of the lettable area and 50% of total gross income secured to the major tenants, the property is considered easier to manage than comparable sub-regional centres.

MODERN IMPROVEMENTS ALLOWING EXCELLENT DEPRECIATION BENEFITS

Having been built in only 2006, the property offers outstanding tax depreciation benefits to enhance returns to investors. A depreciation schedule is included at the rear of this information memorandum.

The Property is being offered for sale via a Public Expression of Interest Campaign closing 4pm (AEST) Wednesday 13th April 2011. For further information regarding this outstanding investment opportunity, please contact either of the exclusive agents Stonebridge Property Group or Savills.