Niro Warehouse

 



 

 

This 167,000 sq ft office/warehouse facility is located in the Pasir Gudang Industrial Area in Johor. It houses the distribution arm of Niro Ceramic (M) Sdn Bhd which was established in Malaysia in 1988 as a leading manufacturer and exporter of high quality tiles.

The building features warehousing and distribution facilities and has a modern office attached.

 

PURCHASE PRICE
RM14,500,000

APPRAISED VALUE
RM19,000,000

GROSS REVENUE
RM1,751,000

 

CATEGORY
Office Warehouse

ACQUISITION
DATE

30 April 2008

NUMBER OF
TENANTS

1

LAND AREA
261,616 sq ft
[24,305 sq m]

NET LETTABLE
AREA

167,193 sq ft
[15,532 sq m]

AVERAGE OCCUPANCY
100%

TITLE
Leasehold interest for
60 years expiring on
29 March 2051

AGE OF BUILDING
13 years

ADDRESS
PLO 419-421, Jalan Emas 2
Pasir Gudang Industrial Estate
81700 Pasir Gudang Johor

MAJOR TENANTS
Niro Ceramic (M) Sdn Bhd