The China Property is located in the vibrant city of Chengdu, the capital city of the Sichuan province. Situated along the Second Ring Road, it is in close proximity to prime residential estates and offices. The Nijiaqiao MRT station is located in front of the property and is easily accessible by major roads and public transport.
Comprising four levels of retail space with a mezzanine floor, the China Property is tenanted to a sole tenant, Markor International Home Furnishing Co., Ltd., Chengdu Zongbei Store, which is one of the largest furniture retailers in China, and offers an extensive collection of designer furniture. The tenancy agreement incorporates a fixed rent with a periodic rental step-up.
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. |
| Committed occupancy(1) | 100.0% |
| Gross floor area(1) | 100,854 sq ft |
| Number of tenants(1)(2) | 1 |
| Title | Leasehold estate expiring on 27 December 2035 |
| Notable tenants(1) | Markor International Home Furnishings Co., Ltd., Chengdu Zongbei Store |
| Valuation(1) | S$24.7 million |
- As at 30 June 2024.
- Based on commenced lease.
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