Mallage Saga is the second largest shopping mall in Saga City, which started its operations in 2003. With a net lettable area (“NLA”) of 46,650 sq m, it comprises two sections, north and south, housing a well-diverse range of tenant mix of 132 tenants in food & beverage, interior goods, ladies’ and men’s fashion and entertainment. Key tenants include Mr. Max (discount store), Food Way (supermarket), 109 Cinemas and Sanki (fashion retailer).
Mallage Saga has excellent road frontage – being strategically located at the intersection of Prefectural Road 51, Kanjo Higashi Dori and Prefectural Road 264, which makes it very accessible and convenient for drivers. The main access to the property is by car which has ample parking space with 2,032 car park lots.
|Net Lettable Area||46,619 sq m|
|Valuation As at 30 June 2016||JPY4,200 million|
|FY2016 Actual Net Property Income (NPI) From 27 May 2016 to 30 June 2016||JPY35.6 million1|
|Annualised NPI Yield (Based on annualising the Actual NPI divided by the purchase price)||10.3%|
|Occupancy Rate As at 30 June 2016||97.6%|
|Weighted Average Lease Expiry As at 30 June 2016||4.3 years|
|Key Tenants||Mr. Max, 109 Cinema, Food Way, Sanki, Amipara, G.U., Miyawaki Shoten, Nishimatsuya|
1 The acquisition of Mallage Saga was completed on 27 May 2016.