Description

ASKING PRICE RM6,855,000.00 NEGOTIABLE (RM190 PSF)  

PROPERTY PROFILE The land area is 36,081 square feet. A 99 years leasehold tenure Vacant unit (as is basis).  

BRIEF ABOUT THE SUBJECT PROPERTY & SURROUNDING: Land use category is for building.   It is located at Air Hitam, Jalan Paya Terubong, northeast of Penang.  Situated in Mukim 14, District of Timor Laut, State of Penang.  It’s barren land of more or less flat conditions of between 18 m to and 20 m altitude (above sea level).  To the north, east and south appears to be mixed development. Whereas, about 2 km further south, condominium and apartment schemes seems dominating the market.   The location of the lot near the highway is expected to add premium value to the property.  The subject property accessible directly from Seberang Prai via the Penang Bridge – Thean Teik Expressway within 47 km or 43 minutes of driving time. It can also be connected via the 2nd Penang Bridge and is approximately 53 km or 50 minutes away driving time.   It is well known that the land supply for development in Penang is very limited.  As for the price is very expensive.  Overlooking the main road, appears to be the site hoarding of the big scale development project labeled as Sunway Valley by Sunway Group soon or later, the aforementioned subject property and it’s surrounding area will benefit from spill over impact of the development.  

GPS COORDINATES: 5.375961,100.275252   GOOGLE MAPS LINK: https://www.google.com.my/maps/@5.3760634,100.2756623,3a,75y,269.11h,89.62t/data=!3m7!1e1!3m5!1sWgYlW4SC2cHS1bT0F5kR_g!2e0!6s%2F%2Fgeo0.ggpht.com%2Fcbk%3Fpanoid%3DWgYlW4SC2cHS1bT0F5kR_g%26output%3Dthumbnail%26cb_client%3Dmaps_sv.tactile.gps%26thumb%3D2%26w%3D203%26h%3D100%26yaw%3D323.5909%26pitch%3D0%26thumbfov%3D100!7i13312!8i6656  

Potential buyer can make a reasonable offer/bid for vendor’s consideration based on first come first serve basis. Upon confirmation to purchase, please provide earnest deposit amounting to 3% of purchase price + 6% of Government service tax shall be made to RMZ PROPERTY CONSULTANTS as Vendor’s stakeholder