Land Area: 62,073 sq.ft.
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A rare opportunity presents itself with the availability of an industrial building on 1.425 acres of land in the prestigious Bayan Lepas Free Industrial Zone in Penang, Malaysia. This property offers an ideal setting for industrial operations, strategically located in one of Penang's most sought-after industrial areas. For sale MYR 20M o.n.o. "as is" basis.
The property features a single-storey production area and a two-storey office space, providing a functional layout for manufacturing and administrative operations. The production area offers ample space for production processes, while the office space is well-suited for managerial and administrative functions.
Situated just 7 minutes away from the Penang International Airport, the property enjoys excellent connectivity to major transportation hubs, facilitating efficient logistics and distribution operations. Its proximity to the airport also provides convenience for business travelers and international visitors.
The property is offered with a lease term that will expire on January 11, 2050, providing long-term stability and security for tenants or owners.
The total built-up area of the property is 4,286.25 square meters (46,120.05 square feet), with the production area covering 3,773.85 square meters (40,606.63 square feet) and the office space spanning 512.4 square meters (5,513.42 square feet).
The production area is equipped with a floor load capacity of 2 tons per square meter, suitable for heavy-duty manufacturing equipment. The property also features a power supply of 488.70 kilowatts (800 amperes) at 415 volts, ensuring sufficient electricity for industrial operations.
As part of the Penang Free Trade Zone, the property offers various advantages, including duty-free entry for manufacturing processes and exemption from export duties and other taxes for finished products. Additionally, the Free Trade Zone provides simplified procurement and export processes, enhancing operational efficiency for businesses operating within the zone.
This industrial building presents a unique opportunity for businesses looking to establish or expand their operations in Penang's thriving industrial sector. With its prime location, comprehensive facilities, and favorable lease terms, this property is a rare find that should not be missed. Contact us today to arrange a viewing and secure this valuable asset for your business.
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