Croesus Tachikawa is an income-producing retail property located in Tachikawa City, Tokyo, which was ranked the third most desirable city to live in due to its easy access to central Tokyo and is directly connected to the JR Tachikawa Station. Croesus Tachikawa’s leisure and food & beverage-oriented tenant mix appeals to commuters travelling through the JR Tachikawa Station, as well as to an increasing number of residents who are moving into Tachikawa City.
The property consists of three basement floors and eight floors above ground. Distribution of floor levels are however unique, with B1 located at street level while level 1 is positioned between the ground level and the pedestrian deck connecting to level 2.
|Net Lettable Area||7,141 sq m|
|Valuation As at 30 June 2016||JPY13,300 million|
|FY2016 Actual Net Property Income (NPI) From 1 July 2015 to 30 June 2016||JPY656.5 million|
|NPI Yield (Based on Actual NPI divided by the purchase price)||6.1%|
|Occupancy Rate As at 30 June 2016||100%|
|Weighted Average Lease Expiry As at 30 June 2016||4.1 years|
|Key Tenants||NEXUS Holdings, Sumitomo Mitsui Trust Bank|