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Property |
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| Atrium Rawang |
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Address |
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| Lot 23, Rawang Integrated Industrial Park, Jalan Batu Arang, 48000 Rawang, Selangor Darul Ehsan, Malaysia. |
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Property type |
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| Industrial |
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Description |
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| A double storey office and factory building with a total Net Lettable Area measuring 35,236 sq.ft. |
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Year of completion |
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| 2001 |
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Tenure |
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| Freehold |
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Existing use |
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| Factory and office |
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Date of acquisition |
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| 2 April 2007 |
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Cost of acquisition |
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| RM10,000,000 |
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Tenant |
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| Unilever Foods (Malaysia) Sdn Bhd |
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Occupacy |
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| 100% |
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Lease Period |
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| 10 years, expiring on 31 October 2011 |
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Encumbrances |
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| The property is charged to a financial institution to secure to secure a Short Term Revolving Credit facility of RM 45 million |
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Latest valuation |
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| RM 8,000,000 |
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Basis of valuation |
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| Investment , cost and comparison method |
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Date of latest valuation |
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| 31 December 2008 |
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Professional Valuer |
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| Raine & Horne International Zaki + Partners Sdn Bnd |
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Fair Value adjustment |
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| (RM 2,000,000) |
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Net book value |
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| RM8,000,000 |
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