Bungalow Factory with 3 Storey Office at Petaling

RM 19,500,000

Mortgage : RM 0 / mth

Petaling Jaya Commercial City, Petaling Jaya, Selangor
Commercial (Others) 10 BR Bbuiltup24300 sqftbuiltupRM 802/sqft

Details

Property Type
Commercial (Others)
Tenure
99 years
Listing Type
For sale
Listing ID
LIDM1180238
Land Area
30000 sqft
Built-up
24300 sqft
Land area/sqft
RM 650/sqft
Built-up/sqft
RM 802/sqft

Description

Factory 3sty for Sale at Seksyen 51 Factory, Petaling Jaya, Selangor
 
Below Market Value Bungalow Factory with 3 Storey Office at Petaling Jaya Seksyen 14 / Seksyen 51A For Sale

Well Maintained & Kept by tenant

Land : 42,903 Sq ft
Build Up : Factory – 24,375 sq ft
: Office – 6,600 sq ft
: Total – Approx 30,000 sq ft
Tenure : Leasehold
Power : 500 KVA= 720 Amp
Current status : Tenanted by educational institution, tenancy expires October 2020.
Rental RM 45,000
Selling : RM 19.5 Mil
Valuation/
Market : RM 21 Mil


The Story Behind Seksyen 14 / Seksyen 51A


Seksyen 14 which is categorized in PJ East has notable landmarks include Phileo Damansara 1 Commercial Centre and Menara Star (Section 16), International Islamic University Malaysia (Jalan Universiti), Columbia Asia Hospital and Jaya One (Section 13), Assunta Hospital (Jalan Templer) and [email protected] City Centre (Section 14), which house Brickfields Asia College, IACT College as well as a multitude of small offices.

We noted that a number of well-known corporations have set up shop in the area, including Fuji Xerox, AIG, Schneider Electric and Celcom (Section 13), webe digital (Section 8), IJM Land (Section 7), as well as Johnson & Johnson and Nestle Manufacturing (Jalan Tandang).

All three major rail transit options — KTM Komuter, Light Rail Transit (LRT) Kelana Jaya line and Mass Rapid Transit (MRT) — pass through PJ East. KTM Komuter serves the southern area (bordering PJS 1 and PJS 2), with the Setia Jaya, Seri Setia, Kg Datuk Harun and Jalan Templer stations. There is an MRT stop at Phileo Damansara; while the LRT runs across the centre with stations in Asia Jaya, one of the busier stops along the Kelana Jaya line, and Taman Jaya.

Zooming in, the developments in Section 14 and Section 16 command higher prices, compared with the rest of the sections in the area. It is noted that projects located further away from these two sections registered lower prices. With Section 14 and 16 being popular commercial and retail hotspots within the PJ East conurbation, it is no surprise that all the attention are on these two sections and developers are still building within the area, fully utilising every plot of land they can gather.

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Location

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Past Transactions in Petaling Jaya Commercial City

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