DONE DEAL: Factory, Port Klang, Selangor
Rented for: RM68,000 (RM1.40 psf)
Concluded by: Norman Soo (REN 20639) (017-309 0128) of CID Realtors Sdn Bhd
When: January 2020
Noteworthy:
● Leasehold
● Detached unit
● Land area: 117,518 sq ft; built-up: 48,900 sq ft
● Easy access to the New North Klang Straits Bypass (Shapadu); 5km to North Port; 7km to Port Klang
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As the largest port in Malaysia, there is always good demand for warehouses or factories near Port Klang which is only 6km away from Klang town and 38km from Kuala Lumpur, according to Norman Soo from CID Realtors Sdn Bhd who concluded the rental of this factory unit in the Selat Klang Utara industrial area.
The area is about six minutes’ drive to the North Port Terminal. The owner had purchased the property 10 years ago and has been leasing out the space for rental returns.
“The return on investment (ROI) of this factory is around 7% a year,” said Soo.
The new tenant is a foreign firm in the manufacturing and exporting business. It chose this unit as it offers two entrances and exits as well as ample storage space.
“Renting an industrial unit as factory and warehouse near the terminals will help to save transportation cost for the company,” offered Soo.
There were a total of 83 industrial unit rental listings in Port Klang on EdgeProp.my asking for an average rental of RM127,197 per month or RM0.91 psf as at June 2020. There were also 59 sale listings of industrial units in Port Klang with an average asking price of RM16.98 million or RM189 psf.
In 2019, 19 factory units in Port Klang were sold at an average transacted price of RM5.71 million or RM284 psf.
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