The 3-storey building in Bandar Baru Selayang, Selangor sits on a leasehold land expiring in 2091 and is currently tenanted to Lembaga Pemasaran Pertanian Persekutuan (FAMA). The lease with a monthly rent of about RM56,880 (an estimated yield of 9.7% per annum) will expire in October 2011 with an option to renew for another three years.
The proposed acquisition is expected to be completed by 4Q 2010.
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