I am planning to sell my shop house which I bought in 2008. A shop house is a property where the ground floor is a shop while the top floor is a house where people can live. My shop lot has three rooms at the top floor and one kitchen which is fully tiled. But most of the time, the top floor is also being used as an office. The shop lot is located at 31 & 31A Jalan Utama 43, Taman Mutiara Rini, 81300 Skudai, Johor. The front view is shown below. The size is 22' X 75'. The top floor is fully built from the back to the front. The middle of the top floor, the roof is very high where some owners already create another floor in the middle so that they got another half floor at the top. So, the shop lot can become 2 1/2 floors.
Most of the shop lots in the surrounding area are fully occupied. Currently, I already have two tenants: for top and ground floors. At the main road, there is an Affin Bank and a Police station facing the main road. While my shop lot is facing the empty plot of land. The empty land is underdevelopment since early this year.
Currently, there are two main projects underway which are to develop shop office lots facing Persiaran Utama, and terrace houses at the back. The shop lot prices are RM1,400,000 for 2 storey intermediate lots and RM3,000,000 for 3 storey corner lots. Upon completion in 2016, I estimate the shop lot price will become between RM1,800,000 to RM4,000,000. At the back of the new shop lots, there are many new gated and guarded terrace houses being built. The entry gate will be facing Jalan Utama 46.
There are many interesting new development in the surrounding areas such as Mc Donald, Tesco (more than 50% complete) and Mydin as shown in the picture below. Mutiara Rini developer is also aggressively building the surrounding areas with new houses. Thus, the whole area is getting busier every day. In fact, Mutiara Mas township which is at the front of the McDonald is also getting crowded. The new 3 storey shop lots at Mutiara Mas was sold under sub-sale for RM1,800,000 (originally sold by developer for RM1,200,000) within a few months of getting the keys!
But the most important development to be executed (already approved) is the 2nd link highway exit close to Lima Kedai. In fact, the whole area of Taman Mutiara Rini has been enlarged after the developer got the approval from the authority to develop the 2nd link highway exit. The main road is also under construction to be expanded from two lanes to four lanes connecting the whole area to the 2nd link highway while bypassing Lima Kedai town.
If you are interested, you are welcome to email me for discussion.
No comments:
Post a Comment