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Property
Atrium USJ
Address
No.16, Jalan TP 6, Taman Perindustrian UEP, 47620 Subang Jaya, Selangor Darul Ehsan, Malaysia.
Title details
Geran 75650 Lot 46914 Mukim Damansara, Daerah Petaling, Negeri Selangor.
Property type
Industrial
Description
A single storey warehouse with annexed double storey office building (Block A), a single storey warehouse (Block B) and a single storey warehouse with annexed double storey office building (Block C); with a total Net Lettable Area measuring approximately 128,085 sq.ft.
Year of completion
2008
Tenure
Freehold
Existing use
Warehouse and office
Parking spaces
122 car bays, 39 motorcycle bays, 5 lorry bays
Date of acquisition
22 December 2011
Cost of acquisition
RM 25,000,000
Tenant
1) SAF-Holland (Malaysia) Sdn Bhd (Block A)
2) Century Total Logistics Sdn Bhd (Block B)
3) Skynet Worldwide (M) Sdn Bhd (Block C)
Occupacy
100%
Lease/Tenancies Period
Block A - 3 years, expiring on 31 August 2017
Block B – 2 years, expiring on 31 December 2017
Block C - 3 years, expiring on 31 July 2017
Major capital expenditure
Nil
Encumbrances
The property is charged to a financial institution to secure a Term Loan and Bank Guarantee Facilities of RM20,300,000
Limitation in title/ interest
None
Latest valuation
RM 34,300,000
Date of last valuation
28 November 2016
Valuer
Raine & Horne International Zaki + Partners Sdn Bhd
Fair Value adjustment
RM 2,900,000
Net book value
RM 31,400,000