Location and Property type:
The subject property comprises two (2) prospective vacant industrial development lands located along/off the Johor Bahru-Seelong main road (also known as Jalan Kempas Lama), Iskandar Malaysia. One of the lot/ land is severed into two portions by the Johor Bahru-Seelong main road due to acquisition for the access of Jalan Kempas Lama, Part of Iskandar land.
1.993 hectares (4.925 acres) and 3.342 hectares (8.259 acres) respectively. Total= 13.184 acres
The land is presently undevelopedand covered with undergrowth as well as old rubber trees.
Planning control:It is zoned for residential use but it has prospect for industrial development in view of the location close to a few existing industrial premises which were originally residential zoned plots but were approved for industrial development.
Market value by registered valuer in year 2009 valuation report: RM5,700,000.00
(Ringgit Malaysia Five Million Seven Hundred Thousand only)
For sale now: RM4,560,000.00 Net (20% below market value) / RM7.94 per square foot
Factories that are located along Jalan Seelong main road