Rented for: RM3,500 (RM1.75 psf based on land size)
Concluded by: Jessica Tung (REN 05827) (012-381 7783) of PropNex Realty Sdn Bhd
When : June 2020
● Built-up: 2,500 sq ft
● Land size: 2,000 sq ft
● Unfurnished unit
● 1-bathroom and office space in the mezzanine floor
● Ample car park space at the roadside
● 5-minute away to Sungai Besi, 10-minute away to Ampang and 15-minute away to Chan Sow Lin Industrial Park
● Easy access via KL-Seremban Highway, MRR2, MEX Highway and DUKE Highway
DONE DEAL: 3-storey semidee factory, Taman Desaria, PJ, Selangor
DONE DEAL: Serviced apartment, Metropolitan Square, Damansara Perdana, Selangor
Desa Tun Razak is a mixed property area located in the heart of Cheras. It offers residential, commercial and industrial property. However, industrial property has predominated the area.
Besides standalone and detached factories, Desa Tun Razak also offers link-factories that cater to small businesses, which have been well-received as they are more affordable and located in a convenient location.
Desa Tun Razak is easily accessible via several major highways such as KL-Seremban Highway, MRR2, MEX Highway and DUKE Highway. Under normal traffic conditions, it takes about five minutes to get to Sungai Besi, 10 minutes to Ampang and 15 minutes to Chan Sow Lin Industrial Park.
According to Jessica Tung, PropNex Realty Sdn Bhd’s real estate negotiator, she concluded a 1.5-storey link factory rental deal in June. She said the tenant chose to stay in this area mainly for its prime location.
“The tenant runs a grocer trading business in the same area but in a different unit. He was looking for a new place in the same area after the tenure ended. He likes the area for its high accessibility,” Tung shared.
Meanwhile, Tung said the landlord had bought the factory unit during its early days for investment purpose.
“The landlord was eyeing the capital appreciation as well as rental income. The factory’s rental income has been supporting his retirement life for the past few years,” she said.
She added that the tenant is happy with the asking monthly rental of RM3,500 and signed a two-year tenancy agreement soon after visiting the well-maintained unfurnished unit.
According to EdgeProp Research, there were five factories changed hands last year with an average transacted price of RM2.89 million or RM689 psf based on land size.
As at early August, there are seven factories in Desa Tun Razak looking for new owners on EdgeProp.my. The average asking price is RM3.12 million or RM710 psf based on land size.
Meanwhile, there are eight factories up for rent. The average asking monthly rental is RM8,037 or RM1.87 psf based on land size.
Interested to buy a unit in Desa Tun Razak? Or click here for more property listings in Cheras. Click here to know more about Jessica Tung and potential good deals.
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