DONE DEAL: Two adjoining 1½-storey terraced factories, Taman Perindustrian Bukit Serdang, Selangor

Sold for: RM2.95 million for both lots

Concluded by: Cathy Tiang (REN 22757, 012-2205717 ) of Metro REC Sdn Bhd

When: December 2018

Noteworthy:
● Leasehold  (expiring in June 2100)
● Total land area: 4,000 sq ft; total built-up 5,250 sq ft
● Located next to Technology Park Malaysia (TPM)
● Easy access to Bukit Jalil Highway, Kuala Lumpur-Seremban Expressway and Maju Expressway (Mex)

* DONE DEAL: Unit at V Residence Suites, Sunway Velocity, Cheras KL

* DONE DEAL: Verve Suites, Mont'Kiara, Kuala Lumpur

Located at Bukit Serdang in Seri Kembangan, Selangor, Taman Perindustrian Bukit Serdang is an established light industrial area suitable for small and medium manufacturers or companies that need warehouse space.

According to Metro REC Sdn Bhd’s real estate negotiator Cathy Tiang, who brokered the deal, factory lots here are in high demand owing to their strategic location and easy access to major highways, such as Bukit Jalil Highway, Kuala Lumpur-Seremban Expressway and Maju Expressway (Mex). The industrial area is surrounded by high-rise and landed residential properties and is close to The Mines Shopping Mall.

“The factories here are well occupied with occupancy of more than 90%, with quite a number of units being occupied by printing companies,” she added.

For this deal, the subject properties, two adjoining 1½-storey terraced factories which were owned by separate owners were sold at the same time to one buyer.

The two lots are close to 20 years old and have unexpired lease of close to 80 years. Both properties have a combined price of RM2.95 million.

Tiang said the buyer is an owner of a printing company located in the same industrial area. He saw the rental potential of the two units and decided to buy them to be rented out in future.

Available listings on property portals show that the asking prices of similar factories in Taman Perindustrian Bukit Serdang range between RM399 and RM564 psf, depending on the built-up of the factory.

Meanwhile, the asking rentals for the factories in Bukit Serdang range between RM1.50 and RM1.80 psf, depending on the condition of the property.

Interested to buy properties in Seri Kembangan, Selangor? Click here.

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