Molek Avenue is a freehold, commercial development located in Johor Bahru, Johor. The development was completed in the year 2013. The developers are EKL Holdings, whom are based in Taman Molek itself.Molek Avenue consists of a rather limited 32 units of triple-storey shop units that are having approximately 2,340 sf per floor. The shop lots on the ground floor of Molek Avenue comes with 15 ft ceilings, giving new definition to high volume ceilings.Taman Molek is designated as the financial district of southern Johor. Commercial outlets would benefit largely from this proximity to the banking facilities. It would also be a great boon to offices and retail outlets to be in close proximity to banking institutions due to security reasons.Other malls in the area include Tebrau City Shopping Complex, Carrefour, Tesco, and Giant Hypermart. Also, there is The Store and Pandan City Mall as well. The nearest hospital is the JB Specialist Hospital located approximately 2 kilometers away on Jalan Ros Merah. Schools in the area include SK Taman Molek, SMK Taman Molek, SK Majidee Baru and SK Sri Amar.Two highways that are easily accessible are the Pasir Gudang Expressway, the Tebrau Highway, whereas Jalan Pandan is the main road to access both these highways. The nearest bus stop is located on Jalan Pandan some ways away, therefore, public transportation is rather limited.
Property Details
Name: Molek Avenue Address: Jalan Molek 3/10, Taman Molek, Johor Bahru, 81100 Johor Developer: EKL Holdings Completion Date: 2013 Type: Shop Tenure: Freehold No. of Storey: 3 No. of Units: 32 Dimension: 25 x 95 ft Built-up: 6,352 - 16,218 sf Launch Price: From RM2,422,500 Subsale Price: From RM5,000,000 Rental: From RM6,000Layouts
3-Storey Shop 2 toilets + pantry (6,352 - 16,218 sf)Analysis
Molek Avenue is located near Taman Molek, Taman Redang and the Ponderosa Golf & Country Club. It is a relatively high catchment area as the vicinity has numerous residential areas. Penetrating into a ready market is much more viable than to wait for a market to appear as with newly developed areas. Molek Avenue also fronts an area where there is a high amount of traffic as it is the midway point between the port and the Senai airport. Retail and F&B outlets would benefit from this high traffic.
