Seberang Prai Logistic 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

GROSS REVENUE
RM682,000

 

CATEGORY
Industrial

ACQUISITION
DATE

5 March 2010

NUMBER OF
TENANTS

1

LAND AREA
0.9253 hectares
(99 598 sq ft)

NET LETTABLE
AREA

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

AVERAGE OCCUPANCY
100%

TITLE
A 60-year leasehold interest
expiring 2 Nov 2053

AGE OF BUILDING
20 years

ADDRESS
Plot 24, Tingkat Perusahaan 6,
Kawasan Perusahaan Prai Phase 4,
Seberang Prai Tengah, Penang

MAJOR TENANTS
LF Logistics Services (M)
Sdn Bhd