3 Storey Shop Office For Sale/Rent - Taman Lean Fung, Butterworth
A 3-storey shop office in Taman Lean Fung, Butterworth, Penang, generally refers to a commercial property designed for both retail and office use, spread across three levels. While specific details can vary between individual units, here's a general description based on available information:
Key Characteristics:
- Type: Commercial property, specifically a 3-storey shop office. This means the ground floor is typically suited for retail businesses (shops, showrooms, F&B outlets), while the upper floors can be utilized for offices, storage, or even residential purposes (though less common for dedicated shop offices).
- Location: Taman Lean Fung, Butterworth, Penang. This area is situated on Penang Mainland, offering accessibility within Butterworth and to surrounding areas via major roads like Jalan Ong Yi How (which it is located on) and the Butterworth Outer Ring Road (BORR). It's also relatively close to Raja Uda, a bustling commercial hub.
- Structure: As a 3-storey building, it provides ample space for various business operations. The multiple floors allow for segregation of different functions – for example, a retail store on the ground floor and administrative offices on the first and second floors.
- Potential Layout: While specific layouts vary, a typical 3-storey shop office would include:
- Ground Floor: Open retail space, often with a glass frontage for display, and possibly a toilet/pantry area.
- First Floor: Can be office space, a showroom, or extended retail area.
- Second Floor: More office space, storage, or staff facilities.
- Accessibility: Located within Taman Lean Fung, these shop offices are generally accessible by road, with potential for street parking or designated parking bays. Proximity to main roads enhances their commercial appeal.
- Surroundings: Taman Lean Fung is a mixed-development area, likely comprising residential properties and other commercial establishments. This contributes to a potential customer base and business ecosystem.
- Tenure: While not explicitly stated for all listings, many commercial properties in Penang are freehold, which is a desirable tenure for ownership.
Considerations for a 3-Storey Shop Office in Taman Lean Fung:
- Visibility: Properties facing main roads (like Jalan Ong Yi How) would offer higher visibility, which is crucial for retail businesses.
- Built-up Area: The size can vary, but typical shop office dimensions might range from 20'x60' for intermediate units. Larger or corner units would naturally have bigger built-up areas.
- Condition: Like any property, the condition of the unit (new, well-maintained, requires renovation) will impact its value and suitability.
- Current Usage: Some listings might specify if a unit is currently tenanted or vacant, indicating immediate rental income potential or readiness for owner-occupation.
- Market Value/Rental: As seen in some outdated listings, rent for a 3-storey shop office in Taman Lean Fung can be around RM800 (though this specific listing is old and prices would have changed). Transaction prices for commercial properties in the wider Butterworth area can vary significantly based on location, size, and condition.
TAMAN LEAN FUNG @ Properties
Frequently asked question
Rental prices vary significantly based on factors like built-up area, condition, exact location within Taman Lean Fung (e.g., main road frontage vs. inner lot), and furnishing. While specific figures for Taman Lean Fung are not readily available, similar 3-storey shop offices in Butterworth can range from RM 3,000 to RM 9,000 per month or more, with some listings indicating prices per square foot. It's best to check with local real estate agents for current market rates.
Common features include:
- Spacious Layouts: Designed to accommodate various commercial activities.;
- High Ceilings: Especially on the ground floor for retail purposes.;
- Ample Parking: Often available either in front of the units or in designated parking areas.;
- Visibility: Many units benefit from high visibility, especially those along main roads.;
- Strategic Locations: Often found in matured townships with good amenities and public transport access.
Gross rental yields for commercial properties in Penang, including Butterworth, are generally considered low, often ranging from 2% to 3% for general properties. However, some specific commercial properties may achieve higher yields depending on demand, location, and the type of business. For example, some shoplots have shown rental returns of over 4%.
2023 Shijie Property E(3)1941 [202003075246 (PG0493715-P)]. All right reserved