Bayan Lepas Distribution Centre


 



 

 

The property is a logistics warehouse facility, 100% occupied by DHL, which is strategically located within the prominent Bayan Lepas Industrial Park (Phase IV) in Penang. The property comprises a 3-storey office block and a logistic warehouse complex. It enjoys excellent exposure and visibility, with direct frontage / access from Lintang Bayan Lepas 9.

Located approximately 10 kilometres from the interchange to Penang Bridge, approximately 400 metres from the entrance of the Second Penang Bridge and approximately 18 kilometres from the Georgetown city centre, the property is well positioned and supported by good road infrastructure.

 

PURCHASE PRICE
RM48,500,000

APPRAISED VALUE
RM 60,000,000

 

TYPE
Warehouse Logistic

ACQUISITION
DATE

17 January 2012

NUMBER OF
TENANTS

1

LAND AREA
331,491 sq ft
[19,059 sq m)

NET LETTABLE
AREA

205,151 sq ft
[19,045 sq m]

AVERAGE OCCUPANCY
100%

TITLE
Leasehold expiring on 22 January 2062

AGE OF BUILDING
17 years

ADDRESS
No. 88A, Lintang Bayan 9,
Lintang Bayan Lepas Industrial Park,
Phase IV 11900 Bayan Lepas, Penang

MAJOR TENANTS
DHL Properties
(Malaysia) Sdn Bhd