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Lot 9B, the last available parcel at Point Lisas Business Park.
The most recent valuation is $110/sf
The parcel is 101,000 sqft., asking price $11M.
The Land is zoned for Industrial Use and has the advantage of multiple approved access points off of the Southern Main Road and Rivulet Road. The Business Park is 10 minutes drive off the Solomon Hochoy Highway and 10mins drive to the Port of Point Lisas.
This land can be developed into a warehousing compound, it has access to relevant infrastructure namely roads, drains, power, sewer and water. The Business Park is also a gated compound with 24hr security.
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The initial term is a duration of 60 years commencing in 1998 with an option to renew for one 30-year term.
The annual rent is approximately US$6,600 plus VAT, subject to escalation not exceeding 10% every 5 years
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