Riverside Plaza

Centre Overview

Riverside Plaza is a single-level neighbourhood centre and is anchored by Woolworths and 7 specialty stores including a pharmacy, bakery café, hairdresser, nail salon, liquor store, and pizza shop. The centre has 172 on-grade and 43 undercover car parks.

Location details

The centre is located in the residential suburb of  Riverside on the western side of the Tamar River, some  4km north-west of the Launceston CBD. The centre offers a highly convenient supermarket and services destinations for the area’s many young families. Riverside is located within the West Tamar municipal area with several schools including Riverside Primary across the road, parks, a swimming centre, golf club,  zoo and popular wetlands nearby.

Property Summary

Centre Type
Neighbourhood
Centre GLA sqm
3,106
Anchor tenants
Woolworths
No. of specialities
7
Valuation
$13.7m
Cap rate
5.25%
Occupancy rate
100%
WALE (years)
7.1

Location

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