DONE DEAL: Light industrial lot in Bayan Lepas, Penang

Rented for: RM20,000 a month

Concluded by: Jerome Eng Sitt Tatt (E 2316) of CBD Properties (Penang) Sdn Bhd (012-419 9298)

When: October 2016

Noteworthy:
● Leasehold
● 1.5-storey light industrial building in a non-free industrial zone
● Land size: 16,000 sq ft
● Built-up area: 8,000 sq ft
● Surrounded by multinational companies (MNCs) like Intel, Sumitomo and HP
● Less than 10km from Penang International Airport and less than 3km from Penang’s second bridge

Located in Hilir Sungai Kluang 2, Bayan Lepas in the southern part of Penang Island, the industrial area is home to MNCs such as Intel, Dell, HP and many others, according to real estate agent and director of CBD Properties Penang, Jerome Eng Sitt Tatt.

The current tenant is a Japanese precision automation company while the former tenant was a German company.

“The local owners have no problem renting out the lot at a good rate because of its location.

“This area is a technology hub with many MNCs. Properties here receive good rental yields of between 7% and 9%,” Eng told TheEdgeProperty.com. 

He added that the industrial area is located less than 10km from Penang International Airport and is accessible via Penang’s second bridge — Jambatan Sultan Abdul Halim Muadzam Shah — which is less than 3km away.

There is only one available listing on TheEdgeProperty.com, showing the asking rental for a 60,000 sq ft 2-storey factory at Jalan Sungai Kluang at about RM108,000 per month.

Interested to rent commercial properties in Bayan Lepas? Click here.

Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]