DONE DEAL: 3-storey semidee factory, Taman Desaria, PJ, Selangor

Rented for: RM15,000 a month (RM1.76 psf based on land size)

Concluded by: Joanne Soh (REN 13124) (012-297 6506) of CBD Properties Sdn Bhd

When: June 2020

Noteworthy:
● Leasehold
● 3-storey semidee factory
● Built up size: 6,908 sq ft
● Land size: 8,480 sq ft
● Ceiling height: 37 ft
● Unfurnished unit with open space layout
● Easy access via New Pantai Expressway (NPE), Federal highway, Damansara-Puchong Expressway (LDP) and Shah Alam Expressway (KESAS)

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The 3-storey semidee factory development is located along Jalan PJS 5/26, within one of the oldest housing areas in Petaling Jaya called Taman Desaria.

While the industry project has long been completed and the developer cannot be traced, there are a total 24 leasehold standard design factories, located across the road from Taman Desaria’s public housing project.

The senior negotiator of CBD Properties, Joanne Soh told EdgeProp.my that most of the factories are occupied.

“It is a fairly high demand area and property. For this rental deal that I concluded recently, not long after the former tenant moved out, the unit was taken by another tenant with the monthly rental of RM15,000,” Soh noted.

She added that the tenant also signed a two-year tenancy agreement with the owner. The agreement is effective from Aug 1, 2020 onwards.

“The tenant is running a trading business and needs more space for warehouse storage as the business is expanding. He found this factory suitable as it has ample storage and office space. He also likes that the factory is close to his old factory,” Soh shared.

Meanwhile, the landlord is a property investor. “Despites the landlord giving some discount on the asking rental, he was happy to secure a tenant with two-year tenancy agreement during the Conditional Movement Control Order period.”

While there is no factory transaction within Taman Desaria in 2019, the latest three transactions were all recorded in 2017 with an average transaction price of RM3.23 million.

As of the end of July, there are no rental or sales listings for Taman Desaria factories in EdgeProp.my.

Interested to buy a unit in Taman Desaria? Or click here for more property listings in Petaling Jaya. Click here to know more about Joanne Soh and potential good deals.

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