Nova Place is a freehold commercial development located in Jelutong, Penang. Development is undertaken by Nova Mulia Development, and is expected to be completed by the end of 2015. Neighbouring the development is Grace Residence.There are a total of 8 blocks in Nova Place, each being four storeys tall. The blocks have identical layouts and the location is suitable for retail and convenient for offices. Ground floor, which is suitable for retail is sizable at approximately 2,400 sf. First to third floor comes with two units per floor, and built-up ranges from 2,034 sf to 2,817 sf. Nova Place comes with lifts, despite being a low rise commercial development. It also comes with its own car park, therefore adequately equipped to accommodate the staff and the customers.Nova Place is strategically located, and amenities are easily within reach. There are several banks having branches in Jalan Jelutong, which is just off the street on which Nova Place is situated. Eateries would probably be opened in Nova Place once the tenants move in, as there are few restaurants in the vicinity. The development is also located close to several hospitals, including Tropicana Medical Centre Penang and Lim Wah Ee Hospital. Accessibility to Nova Place is good, as it is located just off two main roads which are namely Jalan Jelutong, and Tun Dr. Lim Chong Eu Highway. The Penang Bridge, Georgetown and Gelugor are all less than 10 minutes' away, translating to excellent accessibility being located in the centre of two major townships.
Property Details
Name: Nova Place Address: Jelutong, Penang Developer: Nova Mulia Development Completion Date: Q4 2015 (estimate) Type: Commercial Tenure: Freehold No. of Blocks: 8 No. of Storey: 4 Built-up: 2,034 - 2,817 sf Rental: From RM3,000Layouts
Ground floor 2,392 sf Level 1 2,753 sf + 2,034 sf Level 2 & 3 2,817 sf + 2,108 sfAnalysis
Nova Place was launched in early 2011, and was quickly sold out when Grace Residence opened for booking in Q2 of 2011. The location of this development is very strategic as it is situated between Georgetown and Gelugor. Nova Place is located along the proposed new link connecting Jalan Tan Sri Teh Ewe Lim to Jelutong Expressway. Large amounts of traffic pass through the area on a daily basis and would provide good exposure for businesses.
