Exclusive Bukit Minyak Factory Sale by Open Bidding on 29/11/2014

Property Descriptions:

This factory is located at a famous industrial park in the Seberang Perai (mainland) of Penang called, Kawasan Perindustrian Bukit Minyak. The owner is a very successful and award-winning enterprise. Due to the business expansion purpose, it is selling the unit and moving into a bigger operation site. The property is main road frontage and can accommodate large-size container transport.

Kawasan Perindustrian Bukit Minyak is centrally located and providing access to Penang Bridge and the new 2nd Penang Bridge. This allows for Straight to Airport links (via second bridge) and Straight to Port links (via North South Highway). It can easily access to North South Highway through Juru Autocity and Tambun Toll.

09:30am – 11:00am	Registration
10:00am – 11:00am	Penang Property Outlook, Review & Expectation in 2015
11:00am – 12:00pm	Open Bidding Start

Address	PMT 775 (Plot 181), Jalan Perindustrian Bukit Minyak 7, Kawasan Perindustrian Bukit Minyak, 14100 Bukit Mertajam,
Type of Property	Factory with 2-storey office building + single-storey production area
Current Usage	Packaging Solution and manufacturing
Tenure	Leasehold (expires on 11-3-2058)
Land Area	0.4398 Hectare
Built-up Area	See the layout attached (Total built-up approximately 39,000 sq.ft. (Original 30,000 sq.ft. + entension 9,000 sq.ft.))
Highlights	Comes with additional 6 -12 months tenancy from previous owner for RM26,000.00 Avoid risk of hidden fees and payments MNP represent and safeguard bidders that give us bank draft Able to arrange viewing unlike foreclosure auction, where property may be tenanted or prohibited entry. MNP to offer assurance of seller status, all our sellers have clean legal statuses and have good financial background Good condition, near Penang Science Park, Corner Unit, 2x main road frontage, guarantee rental, renovated more than 500k, minimum price RM 6.6million 25 host of centralised air-conditioning system (middle production area) Keyphone system – 18 lines Fully renovated Expanded Production and storage Area (Left and Right side of the buiding)
Terms & Conditions	The minimum deposit to bid is 10% of the reserve price payable to Syarikat Ng & Anuar. The balance purchase price is to be paid within 4 month(s) with extension of 2 month(s) with interest of 8% per annum on daily basis from the date of Sales and Purchase Agreement / Developer’s Consent / State’s Consent whichever is later. Purchaser to rent back the property to the Vendor for minimum six (6) month to the maximum of twelve (12) months, at a fixed rental of RM26,000 per month
Open Bidding Date	29^th November 2014
Venue	No. 1 Cannon Street, 10200 Penang (Next to Khoo Kongsi, Georgetown World Heritage Area)
Reserve Price	RM6,600,000.00