Croesus Shinsaibashi consists of one basement level and seven floors above ground. Completed in September 2009, the property is one of the few new retail buildings along Shinsaibashisuji Avenue.
Originally constructed in 1987, the reconstruction and opening of Croesus Shinsaibashi has completely changed the image of the area into a trendier and more modern atmosphere. The property features an attractive façade with an eye-catching billboard, which displays advertisements by the anchor tenant, Hennes & Mauritz AB (H&M), or other leading brands in Japan. As it faces the Dotonbori River and the bridge connecting Namba and Shinsaibashi stations along Shinsabashisuji Avenue, the property boasts good visibility and is well positioned to attract the shoppers in the area.
|Net Lettable Area||2,342 sq m|
|Valuation As at 30 June 2016||JPY11,900 million|
|FY2016 Actual Net Property Income (NPI) From 1 July 2015 to 30 June 2016||JPY463.0 million|
|NPI Yield (Based on Actual NPI divided by the purchase price)||5.1%|
|Occupancy Rate As at 30 June 2016||100%|
|Weighted Average Lease Expiry As at 30 June 2016||5.7 years|