Megan Avenue 1, KL City Centre

Freehold commercial office building for sale – Megan Avenue 1 (Block C1), Jalan Tun Razak, Kuala Lumpur

Property Details

Building: 12-storey corner block (Block C1)
Tenure: Freehold
Title: Individual floor strata titles available
Net lettable area: 20,000 sq ft across 12 floors
Location: 189, Jalan Tun Razak, Kuala Lumpur — 5 minutes' walk from Ampang Park LRT/MRT; linked to KLCC

Asking Price

RM 640.00 psf
Total: RM 12,800,000 (or nearest offer)
Official bank valuation: RM 13,800,000

Income & Outgoings

Current rental income: RM 720,000/year (±RM60,000/month)
Estimated achievable rental: ±RM 70,000/month
Market rental rates: Retail/shop lots RM5.50–6.50 psf; office RM3.00–4.00 psf
Yield: 6% per annum
Quit rent: RM1,913.88/year
Assessment: RM56,220/year
Maintenance & sinking fund: RM70,995/year
Capital appreciation expected: ±20% of building value

Highlights

Freehold title with individual strata titles available — flexible for sale or financing
Directly linked to Ampang Park LRT and MRT stations, with underground walkway connectivity
MRT operations commenced 2023 — properties in the vicinity have seen 15–20% valuation uplift from the rail factor
Reachable via Jalan Tun Razak and Jalan Ampang; close to AKLEH, KL–Putrajaya Highway and Maju Expressway
Immediate vicinity land valued at RM2,000–3,000 psf
4-level basement car park with ±2,100 bays
Full facilities: 24-hour security, covered parking, cafeteria, hair salon, clinic, myNEWS
Recent upgrades: complete re-tiling of common areas and repainting; all 38 lifts approved for modernisation (RM4.4 million); security system expansion completed (RM380,000)
Can be sold with full vacant possession — suited to owner-occupation or full investment with tenancy in place

Ideal For

Owner-occupier seeking a freehold HQ building with MRT connectivity
Investor seeking stable 6% yield with upside from MRT-driven appreciation
Buyer seeking strata-titled flexibility for partial resale or financing