Seberang Prai Logistics Warehouse 2


 



 

 

The property comprises a warehouse and office complex sited along Tingkat Perusahaan 6 within the established Prai Industrial Estate (Phase 4). This is one of the largest industrial estates in the northern Peninsular Malaysia with Free Trade Zone, non-Free Trade Zone and a Bulk Cargo Terminal. The industries found within this estate include consumer products, electronics, textiles and steel manufacturing.

The property is located about 15 kilometres from the Butterworth Ferry Terminal and the railway station. The Prai Industrial Estate is strategically sited at the Butterworth side of the Penang bridge interchange. This provides easy accessibility to the North-South Expressway,

The eave height of the warehouse is about 12.19 metres (40 feet).

 

PURCHASE PRICE
RM6,860,000

APPRAISED VALUE
RM8,200,000

 

TYPE
Warehouse Logistics

ACQUISITION
DATE

5 March 2010

NUMBER OF
TENANTS

1

LAND AREA
99,598 sq ft
(9,253 sq m)

NET LETTABLE
AREA

41,893 sq ft
(3,892 sq m)

AVERAGE OCCUPANCY
100%

TITLE
Leasehold expiring
on 2 November 2053

LAND TITLE
H.S. (D). 37862 for PT 485 in the Mukim 06, District of Seberang Perai Tengah, State of Pulau PinangĀ 

AGE OF BUILDING
21 years

ADDRESS
Plot 23, Tingkat Perusahaan 6
Kawasan Perusahaan Prai Phase 4
Seberang Prai Tengah
Penang

MAJOR TENANTS
LF Logistics Services (M)
Sdn Bhd