FEATURED
Penang Industrial Asset – 2‑Sty Factory with Tenant, RM423k Monthly Rent
Bayan Lepas Industrial Park, Bayan Lepas, Penang
Call For Pricing
0 Bed(s)
10 Bath(s)
3.53 acre(land area)
RM 33,994,334/acre(land area price)
Property details
Factory/Warehouse for sale
Listed on 21 Feb 2026
10 Bath(s)
Listing ID - LIDM3656741
110,000 sqft
(built-up area)
Unfurnished
Tenanted
ADVERTISEMENT
About the listing
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 potential.See More
FAQs (Powered by Ask EdgeProp)
Mortgage Calculator
year
%
RM 0
%
RM 0
year
%
AFFIN Home Step Fast/i benefits
Low daily
interest
Lower commitments for the first 5 years
Save interest with advance payment
Redraw facility
Save RM 0
Your payment with
AFFIN Home Step Fast/i will beRM 0/month
Save up to RM 0 in 5 years with
AFFIN Home Step Fast/i home financing solution.
Your payment for a
conventional loan will be
RM0 /month
TOJI NG 
GATHER PROPERTIES SDN. BHD.