Our Properties

Description
A single storey warehouse annexed with a double storey office
Property
Atrium Shah Alam 3
Address
No.10, Persiaran Sabak Bernam, Section 26, Shah Alam Industrial Estate, 40000 Shah Alam, Selangor Darul Ehsan
Title details
H.S.(D) 63508, PT503, Mukim Damansara, District of Petaling, Selangor Darul Ehsan, Malaysia
Property type
Industrial
Year of completion
1990
2018 (Asset Enhancement Initiative)
Land details
Freehold land measuring approximately 140,078 sq. ft.
Existing use
Warehouse and office
Parking spaces
64 car bays
32 motorcycle bays
8 lorry bays
Date of acquisition
16 March 2017
Cost of acquisition
RM21,698,113
Tenant
DSV Solutions (DC) Sdn Bhd
Occupancy
100%
Lease/ Tenancy Period
3 years
Major capital expenditure during the year
Nil
Encumbrances
The property is charged to a financial institution to secure a Term Loan and Bank Guarantee facility of RM18,700,000
Latest valuation
RM30,500,000
Date of revaluation
28 November 2023
Valuer
Raine & Horne International Zaki + Partners Sdn Bhd
Fair Value adjustment
RM265,000
Net book value
RM30,235,000
Net Lettable Area
90,670 sq.ft.