Elanor Retail Property Fund

Elanor Retail Property Fund

Northway Plaza Shopping Centre

Northway Plaza is single level neighbourhood shopping centre located in Bundaberg, Queensland.
Northway Plaza is anchored by a full-line Supa IGA supermarket (guaranteed by Metcash and leased to Cornetts who operate 33 IGA stores across Queensland) supported by 12 specialty tenants focused on Non-Discretionary goods and services.
The site includes approximately 5,000 m2 of vacant developable land across three pad sites.
The current occupancy of Northway Plaza is 98.1% by area, with nominated vacancies being covered by a Rental Guarantee, held in trust, until November 2018 which equates to $0.04m p.a. Refer to Section 14.11 for further detail on the Rental Guarantee.

Asset Type Neighbourhood Shopping Centre
Location 29 Queen Street, Bundaberg North, Queensland 4670
Gross Lettable Area 23,999 square metres, parking for 230 cars.
Northway Plaza
Northway Plaza