Giant Hypermaket

 



 

 

Purchased as a brand new facility in 2007 this freehold property houses the only Giant Hypermarket in Sungei Petani. Strategically located at the entrance to Sungei Petani as you come off the North South Highway, the property enjoys high visibility to inbound and outbound traffic.

With a net lettable area of 138,000 sq ft the facility came with a fresh 15 year lease agreement with GCH Retail Malaysia Sdn Bhd. The attraction of a long term lease to a hypermarket is obvious and the deal is structured as a triple net play with the leasor looking after the sub leases to specialty tenants.

 

PURCHASE PRICE
RM38,000,000

APPRAISED VALUE
RM46,000,000

GROSS REVENUE
RM3,653,000

 

CATEGORY
Hypermarket

ACQUISITION
DATE

7 September 2007

NUMBER OF
TENANTS

1

LAND AREA
356,264 sq ft
[34,027 sq m]

NET LETTABLE
AREA

138,000 sq ft
[12,820 sq m]

AVERAGE OCCUPANCY
100%

TITLE
Freehold

AGE OF BUILDING
9 years

ADDRESS
Jalan Lencongan Barat
08000 Sungai Petani
Kedah Darul Aman

MAJOR TENANTS
GCH Retail (Malaysia)
Sdn Bhd