Commercial Building Kl Sale 125 Mil
A news release from ERA Realty Network on April 15 announced that a commercial building on Jalan Tuanku Abdul Rahman in Kuala Lumpur City Centre is now on the market for sale through private treaty. The 10-storey building, which sits on a freehold land of 6,533 square feet, has an asking price of approximately $12.5 million.
Records show that the property was originally approved for a commercial and hotel development with a total floor area of 62,547 square feet. This translates to a rate of $200 per square foot, based on the asking price. According to ERA, the current owners have converted the building from a hotel into a commercial and retail space.
The property, which boasts of 6,533 square feet of land, is situated on the historic Jalan Tuanku Abdul Rahman. The street is famous for its pre-war buildings that house various eateries and shops selling fabrics and other goods. Other notable landmarks in the area include Sogo Shopping Complex, Menara DBKL, and Menara UOB. Popular tourist destinations such as Chow Kit and Petaling Street are also just a stone’s throw away.
.
Lyndenwoods One North, located at 71 Science Park Drive, is a prime example of CapitaLand’s unwavering dedication to crafting residential developments that prioritize connectivity, convenience, and sustainability. Strategically positioned near major transportation options such as MRT lines, expressways, and cycling tracks, Lyndenwoods One North offers its residents seamless access to all corners of Singapore. Whether for work, leisure activities, or taking advantage of nearby amenities, residents of Lyndenwoods will enjoy unparalleled accessibility. With its strong commitment to sustainability, Lyndenwoods One North is a remarkable addition to CapitaLand’s impressive portfolio. See Lyndenwoods One North for more information.
Director of capital markets and investment sales at ERA, Donald Goh, believes that the building presents a lucrative opportunity for investors or end-users to acquire a prime commercial property located in the heart of the city. He also suggests the possibility of converting the building into a hotel to cater to Malaysia’s growing tourism industry.
For those interested, you can browse the latest listings for commercial real estate properties or check past sale and rental transactions. You can also compare the price trends of commercial and industrial properties or view past sale and rental transactions. Don’t miss out on this chance to own a freehold commercial building in Little India for $43 million!