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Westfield is the worst to deal with, their rent is higher than General (depends on location), lots of rules has to follow and not only rent that they charge, they also chagre CPI increase per season. (4 times a year).
Secondly is Colonial First State, known as CFSAM, it has a very large investment portfolio in Australia, shopping centres like: Chadstone, (very very very expensive), Southwharf (bought from DFO), the new centre that they are now building in melbourne city next to Melb Central, etc. They do not have CPI increase and their price is about the market level.
Third one is GPT, in melbourne, they have (mostly known) Melbourne Central, Highpoint SC etc. I heard that they are a little bit easier to deal with, and their rent is about market level. I don't think it is easy to open a centre court (the shop type you mention) in their centres....
Centro, which is you mentioned like Box Hill, (Both Box Hill central, and central whitehorse, they are 2 different centre, sales very different, also does rent). They are easier to deal with compare to top 3 above, and has very large asian customers and shop owners. I think it is easy to open a CC in a Centro managed centre, their rent is not that high, i say if only a weekly based centre court, depends on your m2, rent should not exeed $1000-2000/week?
Also there are other centres avaliable, but you need to remember this:
Melbourne's retail rent is always increase, yearly, and every centre will try to match the market rate, they will not charge LOWER than market rate.
However we say, it is always Negotiable, this is very important factor that contribute to your NP, if you open a shop NOT in a Top centre (e.g. Chaddy), For those smaller, suburb centres, things always easy to discuss, you can ask if centre can inc electricity in it, you can ask if centre can offer percentage rent, (e.g. 10% of your sales), or negotiate the rent amount lower if it is fixed.
Anyway, I guess there are lots of things that you need to do! Good luck ^^ |
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