Metro Avenue, located along Lintang Hajjah Rehman in Jelutong, Penang, is a freehold commercial property. It consists of shop offices with built-up areas measuring about 2,400 sf to 2,800 sf constructed to form a square complex.
Currently, some of the main tenants at Metro Avenue are Bank Rakyat and the Nusmetro property developer company (also the developers for Metro Avenue), which occupy the corner lots of the complex. Parking lots for cars and motorcycles are available on the ground floor around the property.
Within a close walking distance from Metro Avenue, there are several residential developments such as Mutiara Heights, Mutiara Idaman and Sinar Bukit Dumbar. No doubt, the residents from these high-rises and homes, as well as the multitude of residents in Jelutong will find the businesses at the commercial complex of Metro Avenue extremely convenient, especially those like eateries and grocery stores.
The property stands next to the Jelutong Expressway, also known as the Tun Dr Lim Chong Eu Expressway. One of Penang’s major routes, it stretches all the way from Georgetown to Batu Maung in the southern part of Penang. The expressway is used by many motorists daily, giving the businesses in Metro Avenue – especially those facing the main road – excellent visibility.
Other than the Jelutong Expressway, Metro Avenue also can be accessed through the busy Gelugor Highway that cuts through Jelutong en route from Georgetown to Bayan Lepas, where the free industrial zones are situated.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Metro Avenue | 0 | From RM699,000 | From RM1,200 | NIL | NIL |
| Grace Residence | 2019 |
RM600,000
-
RM1,450,000
RM 504 psf - RM 878 psf |
RM1,800 - RM1,800 | NIL | 2.51 % |
| Aspen Residence | Mar 2016 |
RM680,000
-
RM860,000
RM 531 psf - RM 619 psf |
RM1,500 - RM1,500 | NIL | 2.88 % |
| The H2O | 2016 |
RM735,000
-
RM880,000
RM 443 psf - RM 550 psf |
RM1,800 - RM1,800 | NIL | 2.67 % |
| D'Mansion | 2013 | RM960,450 - RM1,032,000 | RM2,100 - RM2,100 | NIL | 3.32 % |
| Richmont Residences | 2010 |
RM1,080,000
-
RM1,080,000
RM 400 psf - RM 400 psf |
RM2,800 - RM2,800 | NIL | 3.11 % |
| Taman Kang Har Tong | 2009 |
RM619,000
-
RM620,000
RM 417 psf - RM 418 psf |
RM800 - RM800 | NIL | 1.65 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | RM 554 psf | - | RM 1,306 psf |
| 1,000 - 1,500 SQ. FT | RM 498 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 69,900 |
| Loan Amount ( 90 %) | RM 629,100 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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