Quartermile is a leasehold commercial development in Bayan Baru, Penang. It is developed by PDC Properties Sdn Bhd next to One Precinct, a new shopping mall in Bayan Baru.Quartermile spreads across 1.7 acres of land to locate 15 units of shop offices. One of the unit is a 5-storey corner unit and the other 14 units are 3-storey shop offices. The convenient design and open space of each unit in Quartermile ensure that it is suitable for many types of businesses such as beauty shop, showroom, restaurant and offices. For the convenience of tenants and customers, there will be ample amount of parking space.Strategically located only 15 minutes away from Penang Bridge, Quartermile aims to attract nearby visitors that pass by Bayan Baru area as well as residents from surrounding residential areas such as D'piazza Condominium, Bandar Bayan Lepas, Bandar Sunway Tunas, Kampung Pulau Hujung and Taman Sri Tunas.Several amenities that can be found near Quatermile include medicals (Pantai Mutiara Hospital, Bayan Baru Community Clinic and Poliklinik Komuniti Bayan Baru), shopping malls (D'Piazza Mall, Mayang Mall and Sunshine Square), schools (Raja Tun Uda High School, Min Sin Chinese High School and Bayan Baru Primary School) and few worship places (Masjid Umar Al-Khatab, Jalan Tengah PDC Flat Surau and Masjid Kampung Gedung).Public transportations that can be reach within the vicinity of Quartermile are Bayan Baru Rapid Penang Bus Hub (0.42 km), Bayan Baru Taxi Stand (0.47 km) and Taxi Station Bukit Jambul Complex (1.18 km). Accessibility wise, Quartermile is close to Jalan Sultan Azlan Shah, Jalan Tun Dr. Awang and Tun Dr. Lim Chong Eu Highway.
Property Details
Name: Quartermile Address: Jalan Mayang Pasir 1, 11900 Bayan Baru, Penang Developer: PDC Properties Type: Shop Office Tenure: Leasehold No. of Storey: 3 & 5 No. of Units: 15 Built-up: From 4,500 sf Launch Price: From RM2,080,000 Rental: From RM10,000Facilities
ParkingAnalysis
As of June 2014, the launch price for Quartermile has not yet been exposed publicly. The actual layout and some other facilities that are available are also not yet revealed. Nevertheless, by looking at the location of where Quartermile is situated, business owners of Quartermile can expect customers from nearby residential areas and also from the adjacent Pulau Pinang Seri Malaysia Hotel.Being in the next developing district of Penang, Quartermile offers shop offices that are well-built for own businesses or even for investments. Owners of 3-storey unit or even 5-storey unit could be rent out the unit as a whole or separately according to floors for higher rental income. Rental price for ground floor will usually be higher than the higher levels. Capital appreciation is expected with many upcoming developments in Bayan Baru.One worry that new businesses would have is that Bayan Baru does not have a high traffic of visitors compared to Georgetown, Penang. Also, Quartermile is nearby to some other commercial developments of Bayan Baru so it could either be a good news where customers will be shared between Quartermile and other shopping outlets or it can be a not so good news where customers would prefer going to the malls rather than Quartermile.
