Rented for: RM13,000 a month (about RM2.02 psf)
Concluded by: Kevin Low (REN 03616) of Zerin Properties (012-299 4680)
When: November 2018
● Corner lot
● Gross built-up: 6,440 sq ft; land size: 8,928 sq ft
● High ground floor ceiling at 6.1m
● Passenger lift
● Easy access to major highways, namely the North-South Expressway, Guthrie Corridor Expressway and Federal Highway
Developed by Binastra Land, Megah 18 is a freehold industrial development which consists of 3-storey semi-dee factories in the Bukit Jelutong Industrial Park, Shah Alam.
The development is accessible via major highways such as the North-South Expressway, Guthrie Corridor Expressway and Federal Highway while connected to major destinations and logistics hubs in the Klang Valley, namely Port Klang, KLIA and Sultan Abdul Aziz Shah Airport.
According to Kevin Low of Zerin Properties who concluded the deal, the tenant who rented this 3-storey semi-dee factory is a label printing machine supplier from Netherlands.
“The company was setting up their Asian regional office and they decided to rent this unit as it is able to offer a spacious ground floor area to set up a showroom while providing sufficient power supply for them to demonstrate their products,” he told EdgeProp.my.
In addition, the tenant also believes that choosing a semi-dee as their regional office will provide a good corporate image, he added.
The tenant inked a three-year tenancy agreement expiring on end-November 2021 and spent RM300,000 on renovations before moving in early February this year.
Available listings on EdgeProp.my as at April 16 showed that the average asking monthly rental for a semi-dee factory in Megah 18 was RM12,318 while the average asking prices registered was at RM4.4 million. This translates into an indicative rental yield of 3.36%.
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