Gong Badak Industrial Estate, Gong Badak, Kuala Nerus

- This property consists of 2 independent factory/warehouse buildings with a 40’ wide covered driveway between the buildings.
- the left, right and rear are 20’ wide concrete driveways and the front has about 60’ setback compound from the frontage main road and is fully paved with tarred road.
- one of the warehouse buildings has an office annex of 80’x40’x2 storeys. The annexed warehouse is 80’x260’.
- the other warehouse is 80’x300’
- height to eve is 20’ and 30’ to pitch.
- the site is 2.15 acres and has a lease of 36 years remaining.
- the warehouse buildings are constructed of metal frames, metal sheet side walls, metal sheet roof and heavy duty concrete floors.
- the 2 storey office annex is a concrete frame brick walls building.
- the covered driveway between the buildings is tarred road paved and used as loading bays.
- The warehouses are provided with 200A electricity and piped water.
- the 20 year old buildings are fairly well maintained.
- this property is currently fully tenanted by Shopee and another tenant (which takes up only a small portion of the left building) with a total rental of about 57k per month.
- both Tenancy Agreements are expiring in March 2027 and the tenants are expected to renew their tenancies.
- The market rental of warehouses in this industrial estate now is between RM 1.50-2.00 psf and warehouses here are in high demand.
- vacant possession is possible if needed.
- This property’s attractive asking price of only RM 11.5m.