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Property |
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Atrium Shah Alam 1 |
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Address |
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Lot 1-8, Persiaran Jubli Perak, Seksyen 22, 40300 Shah Alam, Selangor, Malaysia |
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Title details |
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GRN 177482 (formerly known as H.S.(D) No. 80053) for Lot No. 38264 (formerly known as P.T. 14366), Pekan Baru Hicom (formerly known as Mukim of Damansara), District of Petaling, State of Selangor Darul Ehsan. |
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Property type |
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Industrial |
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Description |
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A single storey warehouse and a four storey office building with a total Net Lettable Area measuring approximately 311,736 sq.ft |
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Year of completion |
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2005 |
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Tenure |
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Freehold |
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Existing use |
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Warehouse and office |
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Parking spaces |
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191 car bays, 105 motorcycle bays, 30 lorry bays |
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Date of acquisition |
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2 April 2007 |
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Cost of acquisition |
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RM 57,200,000 |
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Tenant |
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Marelli Asia Pacific Sdn Bhd |
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Occupancy |
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100% |
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Lease Period |
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6 years, expiring on 31 May 2021 |
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Major capital expenditure |
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Nil |
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Encumbrances |
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The property is charged to a financial institution to secure a Short Term Revolving Credit facility of RM 39,600,000 |
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Limitation in title/ interest |
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None |
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Latest valuation |
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RM 81,600,000 |
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Date of last valuation |
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23 November 2017 |
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Valuer |
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Raine & Horne International Zaki + Partners Sdn Bhd |
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Fair Value adjustment |
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RM1,600,000 |
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Net book value |
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RM80,000,000 |
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