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Property Portfolio

Overview
Portfolio Summary
Overview
Overview

Convenience Retail’s portfolio comprises 70 service station sites predominantly located on the Eastern Seaboard states of Australia. The portfolio is a combination of proven operating locations and brand new sites and has a weighted average lease expiry of 12.1 years. The total value of the portfolio is $355.2 million, reflecting a weighted average capitalisation rate of 7.03%.

Key portfolio metrics

As at 31 December 2018

Number of properties 70
Total value $355.2m
Occupancy 100%
Weighted Average Capitalisation Rate (WACR) 7.03%
Weighted Average Lease Expiry (WALE) (by income) 12.1 years
Average annual rent increase* 2.9%
Number of tenants 20
Major tenants Puma Energy, Woolworths, 7-Eleven

* Assumes CPI of 2.0%

Portfolio Summary

Portfolio summary

AddressStateMajor
Tenant		Site
Type		Book
value		Cap rateWALE
(years)		Occupancy
(by GLA)		Land Area
(sqm)
Total$355.2m7.03%12.1100%481,398
1182 Chapman Road, GlenfieldWAPumaRegional$4.7m8.25%15.6100%11,372
45 Arnold Street, Aeroglen QLDPumaMetropolitan$3.7m7.00%15100%3,224
49 Tolga Road, Atherton QLDPumaMetropolitan$1.9m7.25%16100%1,619
22 Nicholson Street, BananaQLDPumaRegional$3.6m7.50%16.6100%10,100
591 Dorset Road, Bayswater North VICWoolworthsMetropolitan$4.3m6.50%4.2100%4,286
397 Pacific Highway, Belmonth North NSWWoolworthsMetropolitan$6.0m6.50%3.2100%2,953
28 Supply Road, Bentley Park QLDPumaMetropolitan$6.0m6.50%14100%3,251
164-170 David Low Way, Diddillibah QLDPumaMetropolitan$3.3m7.50%14.6100%3,500
900 Ingham Road, Bohle QLDPumaMetropolitan$6.3m7.00%15100%7,733
19038 Bruce Highway, Bowen QLDPumaRegional$3.8m7.00%16100%10,806
11 Sovereign Avenue, Bray Park QLD7-ElevenMetropolitan$4.2m6.25%10.6100%1,967
264 Browns Plains Road, Browns PlainsQLD7-ElevenMetropolitan$5.7m6.25%10.4100%2,776
10 Takalvan Street, Bundaberg West QLDPumaMetropolitan$1.8m7.00%16100%898
34 Cessna Drive, CabooltureQLDPumaMetropolitan$5.8m6.75%11.5100%4,947
Cnr Amherst & Nicholsons Road, Canning Vale WAWoolworthsMetropolitan$6.1m7.50%3100%2,912
2948 Old Cleveland Road, Capalaba QLDWoolworthsMetropolitan$4.7m7.25%2.8100%3,369
71 Thompson Street, Charters Towers QLDPumaRegional$5.9m8.00%16100%28,800
60 Hawkins Crescent, Bundamba QLDPumaHighway$17.7m6.75%16100%18,190
Cnr Edith Street and Bruce Highway, CludenQLDPumaHighway$12.5m7.25%15.6100%10,001
1965 D'Aguilar Highway, Villeneuve QLDPumaRegional$1.9m8.25%14.6100%16,250
209 Old Gympie Road, DakabinQLD7-ElevenMetropolitan$4.5m6.75%12.7100%3,324
14 Rosemary Street, DurackQLD7-ElevenMetropolitan$5.5m6.75%10.6100%5,929
282 Wardell Street, EnoggeraQLDPumaMetropolitan$1.9m7.00%14.6100%1,093
25 Bolam Street, Garbutt QLDPumaMetropolitan$2.4m7.50%16100%5,100
Cnr Thompson Road & Victoria Street, Geelong North VICWoolworthsMetropolitan$4.4m6.75%2.8100%3,441
2 Mulgrave Street, Gin GinQLDPumaRegional$3.8m7.50%13.2100%20,380
840 Steve Irwin Way, Glasshouse MountainsQLDPumaRegional$5.0m7.25%15.6100%5,133
1 Wishart Street, GwelupWAPumaMetropolitan$3.7m7.00%14.6100%1,089
224 Clontarf Road, Hamilton HillWAPumaMetropolitan$4.6m7.00%14.6100%1,998
273-279 Gympie Road, KedronQLDPumaMetropolitan$3.2m7.00%16.6100%1,604
511 Pacific Highway, South KempseyNSWPumaHighway$19.3m7.00%16100%49,530
161 Thozet Road, Koongal QLDPumaMetropolitan$2.1m7.00%15100%736
Cnr Northcote Street & Main Street, Kurri Kurri NSWPumaHighway$8.8m6.75%16100%41,650
708 Gympie Road, Lawnton QLDViva EnergyMetropolitan$4.2m7.25%3.1100%5,553
Cnr Anzac Ave & Josey Rd, Mango Hill QLDWoolworthsMetropolitan$3.2m7.00%2.7100%4,317
Cnr Vardys & Turbo Road, Marayong NSWWoolworthsMetropolitan$7.9m6.75%2.9100%4,874
72 Walker Street, MaryboroughQLDPumaMetropolitan$2.1m7.75%16.6100%1,618
21 Ingham Road, West EndQLDPumaMetropolitan$5.6m6.50%16.6100%2,073
550-560 Samford Road, Mitchelton QLDWoolworthsMetropolitan$4.1m7.25%2.8100%3,188
1 Flinders Street, Monto QLDPumaRegional$1.3m7.25%15100%1,604
1129 Moranbah Access Road, Moranbah QLDPumaRegional$6.0m7.00%14100%5,067
1 Blueberry Road, MoreeNSWPumaHighway$10.4m7.00%14.2100%30,500
53793 Bruce Highway, Mount LarcomQLDPumaHighway$7.3m6.75%14.6100%12,482
420-426 Mt Cotton Road, Capalaba QLDWoolworthsMetropolitan$4.0m7.25%2.8100%4,021
1233 Wynnum Road, Murrarie QLDWoolworthsMetropolitan$5.4m7.25%2.3100%3,625
921 Nambour Connection Road, NambourQLDPumaMetropolitan$1.3m7.75%15.6100%2,097
17-25 Toombul Road, Northgate QLDWoolworthsMetropolitan$3.9m7.25%2.8100%2,969
2215 David Low Way, Peregian Beach QLDPumaMetropolitan$3.4m7.00%15100%1,016
102 - 104 Cook Street, Portsmith QLDPumaMetropolitan$5.7m7.25%16100%6,032
1977 Anzac Avenue, Mango Hill QLDPumaMetropolitan$3.7m7.50%15.6100%4,366
127 Kingston Road, WoodridgeQLDPumaMetropolitan$4.7m7.00%14.6100%5,000
63 Raceview Street, RaceviewQLD7-ElevenMetropolitan$9.7m6.75%3100%3,085
353 Redbank Plains Road, Redbank Plains QLD7-ElevenMetropolitan$5.6m6.25%10.6100%4,231
4545 Flinders Highway, Reid River QLDPumaRegional$2.7m8.50%15100%21,800
25 Kiernan Drive, Roseneath QLDPumaRegional$7.0m7.50%16.6100%13,501
77-79 Bowen Street, Rosslea QLDPumaMetropolitan$2.6m6.75%14100%2,474
172 New England Highway, Rutherford NSWPumaMetropolitan$5.4m6.75%16100%2,609
45 Range Road, Sarina QLDPumaRegional$1.9m7.50%16100%1,679
124-130 Paradise Road, Slacks Creek QLDWoolworthsMetropolitan$4.0m7.25%2.8100%2,799
Lot 401, Great Northern Highway, South Hedland WAPumaRegional$5.3m8.00%14.8100%4,027
753 North Lake Road, South Lake WAWoolworthsMetropolitan$6.2m7.75%3.1100%4,287
983 Waterworks Road, The Gap QLDPumaMetropolitan$3.2m7.00%14.6100%2,294
Cnr Weakleys & Glenwood Drives, ThorntonNSWPumaMetropolitan$8.9m6.50%14.6100%8,550
1380 Boundary Road, WacolQLDPumaMetropolitan$5.4m7.25%15.6100%3,019
449 Victoria Street, Wetherill ParkNSWPumaMetropolitan$7.9m6.50%16.6100%7,024
108 Compton Road, Woodridge QLD7-ElevenMetropolitan$5.6m6.25%10.9100%1,609
656 Bruce Highway, Woree QLDPumaMetropolitan$1.5m7.00%14100%1,376
216 Preston Road, Manly WestQLDPumaMetropolitan$2.2m7.25%14.6100%2,303
1 Kakadu Road, Yanchep WAPumaMetropolitan$5.5m7.25%16.7100%3,068
74 Connor Street, Zilzie QLDPumaRegional$1.6m7.00%14100%1,300
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