+60167899002 
- Listing Type: For Sale
- Property Type: Factory / Warehouse
- Region: Penang Island
- Area: Sungai Pinang
- Land Tenure: Freehold
- Built-up Size: 1600 ft²
Details
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
Viewing call 0167899002 TGONG
