COMPARABLE RENT REPORT For John Smith - Jewellers R Us 18th October 2013
COMPARABLE RENT REPORT For John Smith - Jewellers R Us 18th October 2013
COMPARABLE RENT REPORT For John Smith - Jewellers R Us 18th October 2013
SUMMARY
TRADE AREA AND COMPETING CENTRES
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CENTRE DETAILS Shopping Centre
Westfield Carindale
1151 Creek Road,
Carindale QLD 4152
Gross Lettable Area
135,977 square meters
Number of Retailers
425
Car Parking Spaces
5719
Customer Visits per annum
15,100,000 approx
Centre MAT Total $
$762,400,000
Sales $m2 Specialty Shops
$10,250
Major Retailers
Aldi, Apple, Big W, David Jones, Myers, Target, Woolworths
Note: All figures are exclusive of GST
CENTRE PERFORMANCE MAT/M2
CENTRE PERFORMANCE $/M2 SPECIALITY
8000 7000
12000
6000
11000
5000
10000
4000
9000
3000
8000
2000
7000
1000
6000 2010
2011
2012
2013
2010
2011
2012
2013
Glossary of Terms Similar Centres: Centres with similar Gross Lettable Areas and Specialty Shop MAT m2 GLA: Gross leasable area, the area for which tenants pay rent MAT: Moving Annual Total Sales, the total sales made over one year, may be expresses as figure per m2 Specialty Shop: A non-major retail shop in a centre that specialises in a narrow range of merchandise
Comparable Rent Report
Page 1 of 4
COMPARABLE RENT REPORT For John Smith - Jewellers R Us 18th October 2013
ANALYSIS Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus
SUBJECT PROPERTY
SHOPPING CENTRE NAME
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Area of Shop
140m2
Frontage
16m
Corner
No
Main Mall
Yes
Site Category
A
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Proposed Use
Jewellery Retail
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Shop Number
112
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consectetur, et vulputate sapien gravida. Sed metus libero, tempus a
Gross Rent = Base Rent + Outgoings + Promotion Fund
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ANALYSIS
PROPOSED DEAL
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Asking Gross Rent
$217,000
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Incentives
6 months free rent
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Lease Term
5 years
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Rent Reviews
Annual CPI
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Bank Guarantee
3 months gross rent
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sit amet mi. Duis semper dolor ut varius dignissim. Sed vel augue Note: All figures are exclusive of GST
ANALYSIS Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus
COMPARABLE EVIDENCE
COMPARABLE RESULTS
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Similar Use in Same Centre
2 leases
Similar Use in Other Centres
6 leases
Similar Site Category in Same Centre
3 leases
Similar Site Category in Similar Centres
10 leases
Most Recent Deals in Same Centre (last 12m)
5 leases
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Most Recent Deals in Similar Centres
15 leases
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Current Lease Proposals in Same Centre
2 proposals
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Current Lease Proposals in Similar Centres
3 proposals
faucibus, diam lacus suscipit urna, gravida lacinia diam velit at augue. Proin in viverra velit. Nulla ut libero condimentum, feugiat ipsum lacinia, elementum urna. Sed mattis, metus commodo interdum tincidunt, purus erat imperdiet diam, et fringilla turpis nulla sit amet mi. Duis semper dolor ut varius dignissim. Sed vel augue
Glossary of Terms Similar Centres: Centres with similar Gross Lettable Areas and Specialty Shop MAT m2 GLA: Gross leasable area, the area for which tenants pay rent MAT: Moving Annual Total Sales, the total sales made over one year, may be expresses as figure per m2 Specialty Shop: A non-major retail shop in a centre that specialises in a narrow range of merchandise
Comparable Rent Report
Page 2 of 4
COMPARABLE RENT REPORT For John Smith - Jewellers R Us 18th October 2013
COMPARABLE RENT RESULTS Leases with similar use in same centre
LEASE
DATE
SITE
AREA
BASE RENT
OUTGOING
INCENTIVES
GUARANTEE
REVIEWS
TERM
Your Offer
Jun 2013
A
140m2
$1,560/m2
$12,600 p/a
6m gross rent free
3m gross rent
Y1 MV Y2 - 5 CPI
5 years
Lease 1
Feb 2013
B
Under 100m2
$1,500/m2
$11,800 p/a
2m gross rent
2m gross rent
Y1 - 5 CPI
5 years
Lease 2
Mar 2013
B
Under 150m2
$1,460/m2
$12,400 p/a
6m gross rent free
3m gross rent
Annual CPI
5 years
Note: All figures are exclusive of GST Base Rent: total rent excluding outgoings per M2 Outgoings: Includes centre expenses such as promotional fund, security, centre cleaning and centre air-conditioning & maintenance Incentives: agreed contract incentives offered by landlord Guarantee: bank loan guarantee requirements Reviews: rent review method, MV or CPI Term: length of rental term in years
LOCATION ANALYSIS AND RECOMMENDATIONS
SIMILAR USE IN SAME CENTRE
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1600 1500
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1400
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1300
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1200 1100
Comparable Leases
1000
Your Offer
BASIC FEEDOUT GUIDELINE Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus faucibus semper dapibus. Vivamus consequat, enim eget blandit faucibus, diam lacus suscipit urna, gravida lacinia diam velit at augue. Proin in viverra velit. Nulla ut libero condimentum, feugiat ipsum lacinia, elementum urna. Sed mattis, metus commodo interdum tincidunt, purus erat imperdiet diam, et fringilla turpis nulla
Glossary of Terms Similar Centres: Centres with similar Gross Lettable Areas and Specialty Shop MAT m2 GLA: Gross leasable area, the area for which tenants pay rent MAT: Moving Annual Total Sales, the total sales made over one year, may be expresses as figure per m2 Specialty Shop: A non-major retail shop in a centre that specialises in a narrow range of merchandise
Comparable Rent Report
Page 3 of 4
COMPARABLE RENT REPORT For John Smith - Jewellers R Us 18th October 2013
COMPARABLE RENT RESULTS Leases with similar use in other centres
LEASE
DATE
SITE
AREA
BASE RENT
OUTGOING
INCENTIVES
GUARANTEE
REVIEWS
TERM
Your Offer
Jun 2013
A
140m2
$1,560/m2
$12,600 p/a
6m gross rent free
3m gross rent
Y1 MV Y2 - 5 CPI
5 years
Lease 1
Feb 2013
B
Under 100m2
$1,500/m2
$11,800 p/a
2m gross rent
2m gross rent
Y1 - 5 CPI
5 years
Lease 2
Mar 2013
B
Under 150m2
$1,460/m2
$12,400 p/a
6m gross rent free
3m gross rent
Annual CPI
5 years
Lease 3
Mar 2013
A
Under 50m2
$1,720/m2
$6,000 p/a
6m gross rent free
1m gross rent
Lease 4
Apr 2013
A
Under 100m2
$1,530/m2
$11,600 p/a
6m gross rent free
3m gross rent
Lease 5
May 2013
B
Under 150m2
$1,480/m2
$12,200 p/a
6m gross rent free
3m gross rent
Annual CPI
5 years
Lease 6
May 2013
C
Under 100m2
$1,250/m2
$10,450 p/a
9m gross rent free
3m gross rent
Annual CPI
5 years
Annual CPI Y1 - 2 MV Y3 - 5 CPI
5 years 3 years
Note: All figures are exclusive of GST Base Rent: total rent excluding outgoings per M2 Outgoings: Includes centre expenses such as promotional fund, security, centre cleaning and centre air-conditioning & maintenance Incentives: agreed contract incentives offered by landlord Guarantee: bank loan guarantee requirements Reviews: rent review method, MV or CPI Term: length of rental term in years
LOCATION ANALYSIS AND RECOMMENDATIONS
SIMILAR USE IN OTHER CENTRES
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus faucibus semper dapibus. Vivamus consequat, enim eget blandit faucibus, diam lacus suscipit urna, gravida lacinia diam velit at augue. Proin in viverra velit. Nulla ut libero condimentum, feugiat
1600 1500
ipsum lacinia, elementum urna. Sed mattis, metus commodo
1400
interdum tincidunt, purus erat imperdiet diam, et fringilla turpis nulla
1300
sit amet mi. Duis semper dolor ut varius dignissim. Sed vel augue sed erat lacinia eleifend non id turpis. Morbi augue felis, viverra non placerat sed, dictum vitae eros. Suspendisse semper magna at turpis consectetur, et vulputate sapien gravida. Sed metus libero, tempus a lorem placerat, suscipit elementum nibh. Nunc a. Nulla porta mauris
1200 1100 1000
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Your Offer
Lease 1 - 6
Glossary of Terms Similar Centres: Centres with similar Gross Lettable Areas and Specialty Shop MAT m2 GLA: Gross leasable area, the area for which tenants pay rent MAT: Moving Annual Total Sales, the total sales made over one year, may be expresses as figure per m2 Specialty Shop: A non-major retail shop in a centre that specialises in a narrow range of merchandise
Comparable Rent Report
Page 4 of 4