1.5 Storey Light Industrial Factory @ Fortune Park, Sungai Pinang, Sungai Pinang, Balik Pulau
Jelutong, Sungai Pinang, 10150, Penang
RM 2,490,000
1,600
sqft (floor)
RM 1,556
psf (floor)
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About 1.5 Storey Light Industrial Factory @ Fortune Park, Sungai Pinang
1.5 Storey Light Industrial Factory @ Fortune Park, Sungai Pinang
For Sale – 1.5 Storey Light Industrial Factory @ Fortune Park, Sungai Pinang, Penang
Asking Price: RM2.49 million
Land Area: 1,600 sq.ft.
Tenure: Leasehold (till Year 2100)
Property Type: 1.5 Storey Light Industrial Factory
Status: Currently Tenanted (RM5,500/month) – Sale with Tenant
ROI: ≈ RM156,000 per year (~10.5% annually, historical basis)
Value & Appreciation: Proven ~7.8% CAGR over 20 years (≈ RM90,000 average annual value growth)
Property Highlights:
Prime location in Fortune Park, Sungai Pinang, a well-established light industrial hub in Penang.
Suitable for light industrial, warehousing, logistics, and SME operations.
Functional 1.5 storey layout – efficient for office, production, and storage.
Immediate rental income from secured tenant (RM5,500/month).
Upcoming Penang LRT station (George Town – Komtar – Penang Industrial Corridor) nearby, enhancing connectivity and capital appreciation.
Historical CAGR of ~7.8%, equivalent to ~RM90,000 annual value growth.
ROI Snapshot:
Current Rental Income: RM5,500/month (RM66,000/year)
Gross Rental Yield: ≈ 2.65% per annum (based on RM2.49M asking price)
Capital Growth (Historical): ≈ RM90,000 per year (~7.8% CAGR)
Total Investment Return Potential (Yield + Growth): ≈ RM156,000 per year (~10.5% annually, historical basis)
Warehouse No.0360
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Asking Price: RM2.49 million
Land Area: 1,600 sq.ft.
Tenure: Leasehold (till Year 2100)
Property Type: 1.5 Storey Light Industrial Factory
Status: Currently Tenanted (RM5,500/month) – Sale with Tenant
ROI: ≈ RM156,000 per year (~10.5% annually, historical basis)
Value & Appreciation: Proven ~7.8% CAGR over 20 years (≈ RM90,000 average annual value growth)
Property Highlights:
Prime location in Fortune Park, Sungai Pinang, a well-established light industrial hub in Penang.
Suitable for light industrial, warehousing, logistics, and SME operations.
Functional 1.5 storey layout – efficient for office, production, and storage.
Immediate rental income from secured tenant (RM5,500/month).
Upcoming Penang LRT station (George Town – Komtar – Penang Industrial Corridor) nearby, enhancing connectivity and capital appreciation.
Historical CAGR of ~7.8%, equivalent to ~RM90,000 annual value growth.
ROI Snapshot:
Current Rental Income: RM5,500/month (RM66,000/year)
Gross Rental Yield: ≈ 2.65% per annum (based on RM2.49M asking price)
Capital Growth (Historical): ≈ RM90,000 per year (~7.8% CAGR)
Total Investment Return Potential (Yield + Growth): ≈ RM156,000 per year (~10.5% annually, historical basis)
Warehouse No.0360
Viewing call 0***** TGONG
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The selling price is RM 2,490,000.
Jelutong, Sungai Pinang, 10150, Penang.
This floor size of this unit is 1,600 sqft.
Leasehold.
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