The Grand@Kelana Damansara Suite, Kelana Jaya, Petaling Jaya

Own a rare freehold, corner-lot commercial property in the heart of Kelana Jaya — tenanted by Bank. This ground + mezzanine floor unit (4,067 sq. ft.) offers investors a secure, long-term income stream with exceptional capital appreciation potential.

Tenant: Bank

Rental Income: RM16,000/month

Tenancy: 3-year term from Apr 2024 to Mar 2027, with two further 3-year renewal options (at prevailing market rate or max 10% increase)

Price: RM4.7M (Valuation: RM5.5M – RM800k above asking)

Yield: 4.1%

Renovation: Fully upgraded in Jan 2023 at a cost of RM2M

Extras: 2 strata-titled carparks directly in front of the bank

Tenure: Freehold

Location Advantage: Situated beside the upcoming UEM Sunrise mixed development (on the former Giant Kelana Jaya site) — featuring condominiums, offices, supermarkets, and retail lots — this property is poised for a major value boost upon project completion (expected 2025/2026). Its prime frontage along the Damansara–Puchong Expressway (LDP) and proximity to Paradigm Mall ensure high visibility and consistent foot traffic.

Ideal for investors seeking a blue-chip tenant, stable returns, and strong capital growth in one of PJ’s most strategic commercial hubs