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DONE DEAL: Two-storey industrial factory, Kota Kemuning

Kota Kemuning

Sold for: RM2.46 million

Concluded by: Eric Mok of Ping Properties 012-338 0356 (PEA 1617)

When: November 2017

Noteworthy:
Freehold
Corner unit
Built-up: 4,520 sq ft
Fully furnished and renovated with meeting rooms, gym room, pantry, surau, lab room and closed-circuit television

According to Ping Properties probationary estate agent Eric Mok who concluded the deal, the seller of the factory was utilising the unit for his business operations but wanted to move out as he found a bigger unit.

The buyer was looking to expand his business operations and found this particular lot appealing as it had been fully renovated and fitted by the seller.

“Previously, the unit was only 1.5-storey but the seller actually renovated it to become a full 2-storey factory. They [the seller] went through the necessary application via the Shah Alam City Council for the extension before they got the approval,” said Mok.

He also added that the transacted price of the factory located on Jalan Anggerik Mokara is slightly higher than the current market value because of the renovation and extension application which would have cost the seller around RM300,000 to RM400,000.

Kota Kemuning is easily accessible via several highways such as Shah Alam Expressway, North-South Expressway Central Link and the New Klang Valley Expressway.

According to the data from EdgeProp.my, the average transacted price of an industrial factory on Jalan Anggerik Mokara is RM1.46 million in 2Q14. There were no more transactions since then.

Meanwhile, the average asking price of a typical industrial factory on Jalan Anggerik Mokara as at Jan 10, 2018 is RM4.9 million whereas the average asking rental is RM1.26 psf over the same period. The indicative asking rental yield is 5%.

Interested to buy properties in Kota Kemuning? 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]

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