Penang Industrial Asset – 2‑Sty Factory with Tenant, RM423k Monthly Rent

Rare opportunity to own a prime industrial asset in Bayan Lepas Industrial Zone, Penang. This 2‑storey factory sits on 3.53 acres with a built‑up of approx. 110,000 sf. The property is fully renovated, air‑conditioned, and equipped with upgraded facilities including centralized chillers, DI water system, wastewater treatment, extended cafeteria, and 11kV substation power.

Currently fully tenanted with secured rental income of RM423,500/month (Jan 2025 – Dec 2028), plus automatic renewal at 15% increment for the following 3 years. Total guaranteed 6‑year rental: RM32.7 million. Estimated yield ~4.4% p.a. (based on RM115m). Tenant bears maintenance, with 6‑month security deposit in place.

Asking RM120 million (with tenant). Leasehold till 2062. Strong covenant, prime location, and excellent long‑term investment potentia...

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