Axis Industrial Facility @ Batu Caves


 



 

 

Axis Industrial Facility @ Batu Caves is a leasehold industrial complex composed of a single-storey detached factory with an annexed one and half storey office building with existing use as a 2S Service Centre.

The property is a corner detached industrial lot located along Jalan Perusahaan 1 within an industrial area known as Kawasan Perindustrian Batu Caves. Axis Industrial Facility @ Batu Caves is located within an established industrial area sited off the southern side of the Middle Ring Road II (MRRII) and in close proximity to numerous highways such as Duta-Ulu Kelang Expressway (DUKE) and North-South Expressway (PLUS).

The property is a sale and leaseback acquisition occupied by Cycle & Carriage Bintang Berhad with a long-term tenancy. The company is one of the premier car dealerships for Mercedes-Benz.

 

PURCHASE PRICE
RM56,000,000

APPRAISED VALUE
RM56,100,000

 

TYPE
Office Industrial

ACQUISITION
DATE

15 July 2024

NUMBER OF
TENANTS

1

LAND AREA
16,547.16 sq m (178,112 sqft)

NET LETTABLE
AREA

71,000 sq ft

OCCUPANCY RATE
100.00%

TITLE
Leasehold expiring on 5 September 2074

LAND TITLE
PT 1, HSM 3755, Locallity of Jalan Perusahaan Satu, Batu Caves, Mukim Batu, Daerah Gombak, Selangor.

AGE OF BUILDING
9 years

ADDRESS
Lot 5, Jalan Perushaan 1, Kawasan Perindustrian PKNS, 68100 Batu Caves, Selangor Darul Ehsan.

MAJOR TENANTS
Cycle & Carriage Bintang Berhad