For sale
Office Space
MSC
DH-100016
Serviced office floor, Bayan Lepas Penang
◍ Bayan Lepas
8,900 sq ft fitted and cabled, let to a semiconductor tenant until 2030.
8,900 sq ftBuilt-up
5.1%Gross yield
4.2 yearsWAULT
FreeholdTenure
About this property
A full floor in the Suntech tower inside the Bayan Lepas free industrial zone, ten minutes from Penang International Airport and inside the semiconductor cluster. Fully fitted and cabled, let to a test house on a term running to 2030 with a fixed 3% step-up. MSC status. Passing rent is a little under the current asking rate on the same floor plate, so the income has room to move at the next review.
Property details
Price
- Asking price / rent
- RM 8,200,000
- Price psf
- RM 921.35 psf
- Service charge psf
- RM 0.85 psf/mo
Size
- Net lettable area
- 8,900 sq ft
- Gross floor area
- 10,400 sq ft
- Efficiency ratio
- 85.6%
- Car parks
- 14 bays (1.6 per 1,000 sq ft)
Title & tenure
- Tenure
- Freehold
- Land title
- Commercial title
- Title status
- Strata title
Income
- Passing rent psf
- RM 3.9 psf/mo
- Market rent psf
- RM 4.2 psf/mo
- Annual rent
- RM 416,520
- Net operating income
- RM 248,520
- Gross yield
- 5.1%
- Net yield
- 3%
- Reversionary yield
- 5.5%
Tenancy
- Occupancy
- Tenanted
- WAULT
- 4.2 years to expiry · 2.2 years to break
- Number of tenants
- 1 tenant
- Anchor tenant
- Semiconductor test house
- Lease expiry profile
- 0% in 12 mo · 0% in 24 mo · 0% in 36 mo
- Rent review & escalation
- Fixed step-up · 3%
Building
- Year completed
- 2012
- Building grade
- Grade B
- MSC status
- MSC Cybercentre status
Features
- 24-hour security
- Passenger lift
- Central air-conditioning
- Raised floor
- Backup generator
- Fibre-ready
- Sold with tenancy
Location
Approximate location only. The property sits somewhere within this circle — the exact address is held by Straits Capital Partners and released to interested buyers directly.