Axis Hypermarket @ Sungai Petani


 



 

 

Purchased as a brand new facility in 2007 this freehold property formerly housed the only Giant Hypermarket in Sungai Petani. Currently, the property is leased to another hypermarket operator, TF Value-Mart Sdn. Bhd., with a long lease term.

Strategically located at the entrance to Sungai Petani as you come off the North South Highway, the property enjoys high visibility to inbound and outbound traffic.

 

PURCHASE PRICE
RM38,000,000

APPRAISED VALUE
RM49,000,000

 

TYPE
Hypermarket

ACQUISITION
DATE

7 September 2007

NUMBER OF
TENANTS

1

LAND AREA
366,264 sq ft
[34,027 sq m]

NET LETTABLE
AREA

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

AVERAGE OCCUPANCY
100%

TITLE
Freehold

LAND TITLE
H.S. (M). 21211 for PT 92180 in the Bandar Sungai Petani, District of Kuala Muda, State of Kedah

AGE OF BUILDING
10 years

ADDRESS
Jalan Lencongan Barat
08000 Sungai Petani
Kedah

MAJOR TENANTS
TF Value-Mart Sdn. Bhd.