1.5 Storey Detached Factory for Rent/Sale | Taman IKS Juru Jaya, Juru, Penang
A 1.5-storey detached factory in Taman IKS Juru Jaya, Juru, Penang, is a common industrial property type in this well-established industrial area. Here's a general description based on typical characteristics:
Key Features:
- Structure:
- 1.5 Storey: This typically means a single-story factory/warehouse area with an office mezzanine or a small upper floor built within the factory space. The ground floor is usually dedicated to production, warehousing, or heavy machinery, while the upper floor houses administrative offices, meeting rooms, or lighter production/storage.
- Detached Factory: This implies a standalone building, not sharing walls with other units, providing greater privacy, flexibility for expansion (subject to land and regulations), and potentially better natural light and ventilation from all sides.
- Location:
- Taman IKS Juru Jaya, Juru, Penang: This area is a known industrial hub, strategically located in Seberang Perai, Penang. It benefits from good connectivity to major highways (such as the North-South Expressway and Penang Bridge), ports, and the Penang International Airport, making it ideal for logistics, manufacturing, and warehousing.
- Typical Specifications (though these can vary significantly between individual units):
- Land Area: For a detached factory, land areas can be substantial, often ranging from approximately 25,000 sq ft and upwards, providing ample space for operations, parking, and potential future expansion.
- Built-up Area: This refers to the total covered area of the factory, including both the ground and mezzanine/upper floors. Common built-up areas for these types of factories in Juru range from around 25,000 sq ft to over 27,000 sq ft, or even larger.
- Ceiling Height: High ceiling heights are crucial for industrial operations, accommodating tall machinery, racking systems, and good ventilation. They often range from 30 ft to 40 ft (or even more) at the factory floor.
- Power Supply: Industrial factories require robust power supply. Typically, these factories come with a significant amperage, often starting from 200 Amps to 300 Amps or higher, to cater to various industrial machinery and equipment.
- Floor Loading: The floor loading capacity indicates how much weight per square meter the floor can withstand. For factories, this is usually designed to support heavy machinery and goods, often around 1 tonne/m² or more.
- Tenure: Many industrial properties in established zones like Juru are freehold, offering long-term ownership.
- Suitability:
- These factories are generally suitable for a wide range of industrial activities, including:
- Manufacturing (light to medium industries)
- Warehousing and logistics
- Assembly plants
- Engineering workshops
- Storage facilities
- Current Market Trends:
- Properties in Taman IKS Juru Jaya are highly sought after due to the strategic location and established infrastructure. Both sales and rental markets are active. Prices can vary significantly based on the exact specifications, land size, built-up area, and condition of the factory, with asking prices for sales often in the range of RM 10 million and above for larger detached units.
When considering a specific 1.5-storey detached factory in Taman IKS Juru Jaya, it's always advisable to consult with a real estate Shijie Property Agents (+6013 - 481 7777, +6018 - 398 7777) specializing in industrial properties to get precise details, conduct site visits, and obtain up-to-date market information. https://www.shijieproperty.com.my/
TAMAN IKS JURU JAYA @ Properties
Frequently asked question
Prices vary significantly based on land size, built-up area, condition, specific location within Taman IKS Juru Jaya, and tenure (freehold vs. leasehold). Generally, prices can range from RM 2.3 million for smaller units up to RM 10 million or more for larger, high-spec factories.
- Legal Fees: Typically range from 1% to 3% of the property's value, covering the Sale and Purchase Agreement (SPA) and other legal documentation.;
- Stamp Duty: Calculated based on the property's value. For industrial properties, it generally follows a tiered structure:
First RM100,000: 1%, Next RM400,000 (RM100,001 to RM500,000): 2%, Above RM500,000: 3% (or higher, consult latest rates);
- Valuation Fees: You will likely need a property valuation report, with fees typically ranging from RM500 to RM1,000.
- Offer and Deposit: Buyer submits a Letter of Offer with an earnest deposit (usually 2% of the purchase price).;
- Sale and Purchase Agreement (SPA): Within a specified period (e.g., 21 days), the SPA is drafted by a solicitor and signed by both parties. The balance of the 10% down payment is typically paid at this stage.;
- Loan Application: If financing is required, the buyer applies for a commercial loan from a bank.;
- Balance Payment: The remaining 90% of the purchase price is typically paid within 3 months of the SPA signing, with a possible extension subject to interest.;
- State Authority Consent (for foreign buyers/certain properties): Foreign buyers must obtain approval from the Penang State Authority (Section 433B of the National Land Code) and meet minimum value thresholds (currently RM 1 million for mainland properties). This process can take 6-8 weeks and may involve a levy fee (1.5% to 3% of the purchase price).;
- Property Registration: The solicitor registers the new owner with the Land Office.
Yes, foreign investors generally need state authority approval to purchase land in Penang. Minimum value thresholds apply (e.g., RM 1 million for mainland properties). It's crucial to engage a lawyer experienced in foreign property acquisitions in Malaysia.
- Property Tax (Cukai Taksiran/Assessment Tax): Annual tax levied by the local council based on the property's size and assessed value.;
- Quit Rent (Cukai Tanah): Annual tax paid to the state land office.;
- Utility Bills: Electricity, water, and sewerage charges.;
- Maintenance Fees: If applicable, for common areas or shared facilities within an industrial park.;
- Insurance: Property insurance is highly recommended.;
- Real Property Gains Tax (RPGT): Applicable when selling the property, with rates varying based on the holding period and residency status (Malaysian citizen vs. non-citizen).
- Location: Proximity to ports, highways, raw material suppliers, and labor force.;
- Zoning: Ensure the property is zoned for your intended industrial use.;
- Condition of the Property: Thorough inspection (structural, electrical, plumbing) is vital. Consider engaging a professional inspector.;
- Power Supply: Verify if the existing power supply is sufficient for your operations or if an upgrade is feasible.;
- Floor Loading: Crucial for heavy machinery or storage.;
- Ceiling Height: Important for vertical storage or specialized equipment.;
- Accessibility and Loading Bays: Evaluate ease of access for trucks and efficient loading/unloading.;
- Tenure: Freehold offers more long-term security compared to leasehold.;
- Financing: Assess your budget, loan eligibility, and explore different loan options from banks.;
- Future Expansion: Consider if the land allows for future expansion if your business grows.
Yes, many detached factories in Taman IKS Juru Jaya are purchased for investment purposes and leased out. Some properties may even come with an existing tenancy, providing immediate rental returns.
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