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Property
Atrium Shah Alam 1
Address
Lot 1-8, Persiaran Jubli Perak, Seksyen 22, 40300 Shah Alam, Selangor, Malaysia
Title details
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.
Property type
Industrial
Description
A single storey warehouse and a four storey office building with a total Net Lettable Area measuring approximately 311,736 sq.ft
Year of completion
2005
Tenure
Freehold
Existing use
Warehouse and office
Parking spaces
191 car bays, 105 motorcycle bays, 30 lorry bays
Date of acquisition
2 April 2007
Cost of acquisition
RM 57,200,000
Tenant
Marelli Asia Pacific Sdn Bhd
Occupancy
100%
Lease Period
6 years, expiring on 31 May 2021
Major capital expenditure
RM1,522,677
Encumbrances
The property is charged to a financial institution to secure a Short Term Revolving Credit facility of
RM 39.6 million
Limitation in title/ interest
None
Latest valuation
RM 80,000,000
Date of last valuation
28 November 2016
Valuer
Raine & Horne International Zaki + Partners Sdn Bhd
Fair Value adjustment
RM522,477
Net book value
RM80,522,677