Seberang Prai Logistics 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
RM24,900,000

 

TYPE
Logistics Warehouse

ACQUISITION
DATE

5 March 2010

NUMBER OF
TENANTS

1

LAND AREA
188,551 sq ft
(17,517 sq m)

NET LETTABLE
AREA

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

OCCUPANCY RATE
100%

TITLE
Leasehold expiring on 2 November 2053

LAND TITLE
H.S. (D). 37861 for PT 486 in the Mukim 06, District of Seberang Perai Tengah, State of Pulau Pinang.

AGE OF BUILDING
23 years

ADDRESS
Plot 24, Tingkat Perusahaan 6
Kawasan Perusahaan Prai Phase 4
13600 Seberang Prai Tengah
Penang

MAJOR TENANTS
LF Logistics Services (M) Sdn Bhd