5 Commercial Properties for Rent at Southbay Plaza Retail

Updated: 12th May 2021 Southbay Plaza is a freehold development located at Batu Maung, Bayan Lepas, Penang. The project was the first phase of the Southbay City by Mah Sing Group. Southbay Plaza takes up an area of about 4.19 acres, with a combination of retail and residential units. Southbay Plaza Retail lots occupy at the lower levels of the building, while the residential units occupy at the higher levels of the establishment. Southbay Plaza Retail is a part of Southbay Plaza, where there is a combination of residential and retail units. Southbay Plaza offers a balance of prime location, lifestyle amenities and luxurious living spaces. The location of the property is one of the most strategic areas on the island, where its access to other areas in the island and mainland is very convenient, due to its proximity to highways and also the airport. On top of that, the retail units are designed with great use of glass facade, natural lighting, uninterrupted spaces without columns and layout flexibility. Not only the development will have a great value for capital appreciation, but it is a perfect place to invest for long term or short term rental incomes. Southbay Plaza Retail is strategically located at one of the most accessible locations in Penang. Within the island itself, the property is connected to other areas through highways such as Tun Dr. Lim Chong Eu Highway. On top of that, Penang Second Bridge which connects the island and mainland are just a few kilometres from the property. Not forgetting, catching a flight is highly convenient, with Penang International Airport located within 12 minutes drive away. Southbay Plaza sits on an area size of about 4.19 acres, with a combination of retail and residential units. Southbay Plaza Retail units occupy Level 1 to 4 of the building, with Level 5 to 7 being car parks, Level 8 to 9 being residential facilities and Level 10 to 32 residential units. The retail unit size ranges from 909 to 12, 514 square feet. The units are designed with various layouts to give flexibility for business owners to work with and the interior spaces are free from interrupting columns. The built-up areas for the Southbay Plaza Retail differ as below: - 1-storey retail shop, 1,050 to 1,397 square feet (Level 1 to 3) - 2-storey retail shop, 2,570 to 2,934 square feet (Level 1 to 3) - 3-storey retail shop, 4,350 to 12,514 square feet (Level 1 to 3) - retail lot, 909 to 4,019 square feet (Level 4) A few educational institutions are surrounding the property, namely SMK Batu Muang, SK Batu Muang, SJK (C) Wen Khai, SMK Permatang Damar Laut and SK Permatang Damar Laut. Several clinics are located near the property for a consultation. Besides that, the nearest hospital from the property is Pantai Hospital, which takes about 10 minutes to drive away. Around the area of Southbay Plaza Retail, some shops and malls offer basic and necessary items. Meanwhile, the nearest well-established shopping mall from the property is Queensbay Mall, which is also the largest shopping mall in Penang. Bayan Lepas is one of the areas in Penang where one can easily find affordable and delicious food. One of such places is Sungai Ara Food Court, where there is a variety of food from noodle to rice, seafood to other cuisines. Southbay Plaza Retail was developed by Mah Sing Group incorporated in 1991 and listed on the Main Market of Bursa Malaysia, a leading property developer in Malaysia at developing quality property projects. The group also involves in the manufacturing and trading of polymers in Malaysia and Indonesia. The retail units for Southbay Plaza are selling for around RM 1,400,000 with a unit size of around 1,500 square feet, with the rental of such unit size can go up to RM 4,000 per month. For similar other projects in different areas, you can check out this list of properties. Southbay Plaza Retail is located at a strategic location, with proximity to Penang International Airport, Penang Second Bridge and several highways. The retail units are well-designed with great use of natural lighting, glass facade and flexible layout. The property is worth investing in, be it long term or short term.