Shop lots in Metropol, located at Jalan Perda Utara 1, Bandar Perda, Bukit Mertajam, Penang, are part of a mixed-development project that also includes residential units. The development was completed in 2021 and the property is freehold.

Location and Accessibility

• Prime Location: Metropol is strategically located in Bandar Perda, a bustling area of Bukit Mertajam.
• Accessibility: It is easily accessible via major roads like Jalan Permatang Batu and Jalan Batu. It's also a short drive from the Penang Bridge.
• Nearby Amenities: The area is surrounded by established amenities and commercial hubs, which contributes to a strong potential for foot traffic and business activity. These include:
• KPJ Penang Specialist Hospital
• Lembaga Hasil Dalam Negeri (LHDN)
• Majlis Bandaraya Seberang Perai (MBSP)
• Wisma TNB
• UITM Cawangan Pulau Pinang & Politeknik Seberang Perai
• Mydin Bukit Mertajam
• Various banks and eateries

Property Details

• Property Type: The shop lots are commercial units situated on the ground level of the Metropol Service Residence.
• Built-up Area: Individual unit sizes vary, with listings showing built-up areas from around 1,270 sq. ft. to over 4,600 sq. ft. for a cluster of units.
• Facilities: The commercial component of Metropol includes a significant number of parking bays, with some listings mentioning as many as 95 parking spaces, which is a major advantage for businesses. The entire development also has 24-hour security and perimeter fencing.

Market Information (Based on recent listings)

• For Sale: The listed prices for shop lots vary depending on size and other factors. A 1,270 sq. ft. unit has been listed for sale at approximately RM550,800, while a larger group of four units with a total built-up of 4,699 sq. ft. was priced at RM7 million. The price per square foot (psf) can range from around RM350 to over RM400.
• For Rent: The rental market for these shop lots is active, with listings showing prices ranging from RM4,000 to RM4,600 per month for units with built-up areas between 1,900 and 2,000 sq. ft.
• Target Businesses: The bare-unit condition of some listings makes them suitable for a variety of businesses, including food and beverage (F&B), retail, clinics, and offices. The location near a hospital and government offices suggests strong demand from these sectors.

Investment Potential The shop lots are considered to have strong investment potential due to the mature and vibrant location, surrounding residential population from the Metropol service apartments, and a steady flow of people from nearby commercial and government buildings. The freehold tenure and the upcoming development of new residential units nearby also contribute to the long-term value of the property.