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RM 12,980,000

4 Sty Shop Office, Desa Sri Hartamas, Sri Hartamas

Jalan 27/20A, Desa Sri Hartamas, 50480, Kuala Lumpur

  • Built-up : 15,840 sq. ft.
  • Land area : Kuala Lumpur
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    4 Sty Shop Office, Desa Sri Hartamas, Sri Hartamas

    Viewing by appointment only 
    *012 391 8290*
    IVAN WONG
    
    Rental Returns on our 2 adjoining Shops at Desa Sri Hartamas :
    
    Ground Floor
    End Lot : RM10,500pm
    Inner Lot : RM8,500pm
    
    Upper Floors: 
    6 units @ RM3500pm each
    
    Fully Tenanted wth 3 months' Quit Notis in all our Tenancy Agreemnts.
    
    we hv one End lot so even using 2015 price we will exceed RM12m for BOTH!
    
    6. Our End Lot shop shld also command 8 to 10% premium on Price.
    
    7. Our shops are now FULLY TENANTED as follows ... 
    Ground Floor :
    RM10,500pm for end lot
    RM8,500pm for inside lot
    3 Upper floors:
    RM3,500pm x 6 units
    
    This means alredy RM40k pm i.e 4% ROI p.a. if 2 shops sell for RM12m n we hvnt increased rental in d last 3 years due to d good tenants we hv had for many years.
    
    8. Its NOT easy to get 2 adjoining shops esp wth one as an End Lot
    
    9.  To maximise ROI, the New Owner shld also consider converting to Budget Hotel.
    
    Assuming 30 rooms per shop wth 50% Occupancy & earning an Average of RM100 per room per nite for 15 days in a month... then inflow will be 
    RM3000 per nite x 15 = RM45kpm ie RM540k pa
    ie close to 10%pa ROI on a worst case basis!!!
    
    Each shop can convert to 30 guest rooms of 
    15ft x 9ft using only the 3 upper floors!

    Property Information

    Property Type:
    Shop-Office
    Occupancy:
    Tenanted
    Land Title:
    Commercial
    Facing Direction:
    -
    Tenure:
    Freehold
    Unit Type:
    EndLot
    Furnishing:
    Partly Furnished
    QuikPro No:
    UP6377948
    Asking Price per sq. ft.:
    RM 819
    Posted Date:
    29 May 2018

    Points of Interest

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