Lotuss Building, Jelutong Penang
(Formerly known as TESCO Building)
Lotuss Building, Jelutong Penang is a 3-storey commercial building accommodating the Lotuss Hypermarket, retail lots and car parking areas, erected on Lot no. 778, Section 4, Town of Jelutong, North east District, Penang.
Lotuss Building, Jelutong Penang is located along Lebuh Tengku Kudin 1, off the southern side of Jalan Tengku Kudin and off the western side of the section expressway connecting to the Penang Bridge and the Bayan Lepas Expressway at the south and the Jelutong Expressway at the north.
It is located within the locality of Gelugor, approximately 6 kilometres south of Komtar in Georgetown, approximately 500 metres north of the Penang Bridge Interchange and approximately 8 kilometres north of the Penang International Airport.
It enjoys frontages onto Lebuh Tengku Kudin 1 along its southen boundary and a service road parallel to Jalan Tengku Kudin along its eastem boundary.
| Key Statistics of Lotuss Building, Jelutong Penang | |
|---|---|
| Address | 1, Lebuh Tengku Kudin 1, 11700 Penang. |
| Description | Three storey building |
| Year of completion | 2004 |
| Occupancy as at 31 December 2023 | 100% |
| Purchase consideration | RM132,000,000 |
| Appraised value | RM145,000,000 |
| Date of valuation | 31 December 2023 |
| Net lettable area | 275,020 sq ft |
| Provisional (Surveyed) land area | - |
| Land tenure | Term in perpetuity |
| Number of tenants | One |
| Name of tenants | Lotuss Stores (Malaysia) Sdn Bhd |
