The China Property is located in Chengdu, the capital city of Sichuan province. The property comprises four levels of retail space with a mezzanine floor. Situated within the Second Ring Road, it is in close proximity to high-end residences and offices. The Nijiaqiao MRT Station is located in front of the property and provides convenient access.
The China Property has a sole tenant, Markor International Home Furnishings Co., Ltd. Chengdu Zongbei Store, which is one of the largest furniture retailers in China.
Property Profile
| Address | 19, 4th Section, Renminnan Road, Chengdu, Sichuan, China |
|---|---|
| Description | A four-storey building completed in 2003. Part of a mixed-use commercial complex comprising retail and office. |
| Positioning | Targets the high-end income segment and expatriates. |
| Year of completion | 2003 |
| Actual Occupancy(1) | 100% |
| Gross floor area | 100,854 sq ft(2) |
| Number of tenants | 1(1) |
| Title | Leasehold estate expiring on 27 December 2035 |
| Lease type | Anchor tenant with a fixed rent lease and periodic step-up |
| Tenant(2) |
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| Valuation | S$29.8 million(2) |
- Based on commenced leases as at 31 March 2022.
- As at 30 June 2021.
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