Seberang Prai Logistic Warehouse 1

 



 

 

The property comprises a single-storey warehouse with a double-storey office 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 provide easy access to the North-South Expressway.

The eave heights of the warehouse is about 15.24 metres (50 feet).

 

PURCHASE PRICE
RM17,390,000

APPRAISED VALUE
RM20,500,000

GROSS REVENUE
RM1,727,000

 

CATEGORY
Industrial

ACQUISITION
DATE

5 March 2010

NUMBER OF
TENANTS

1

LAND AREA
[17.517 sq m]

NET LETTABLE
AREA

106,092 sq ft
[9,856 sq m]

AVERAGE OCCUPANCY
100%

TITLE
A 60-year leasehold interest
expiring 2 Nov 2053

AGE OF BUILDING
15 years

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

MAJOR TENANTS
LF Logistics Services (M) Sdn Bhd