5 Storey Shop With Rooftop at Brickfields
Land size: 4,757 sqft
Built up: 23,790 sqft
Type: 5 Storey Building with Roof Top
Tenure: Freehold
Structure: Building demolished and reconstructed on the land 8 years ago with foundation and piling ready for 15 Storey building structure
Renovation: Refurbished for a total of RM 1 million progressively for the last 5 years
Pertinent Details
Monthly Rental Income RM 110,000 monthly
ROI: 5.74%
Acquisition price: RM 23,000,000
Brickfields rapidly evolved from being a residential to a very commercial extension of downtown Kuala Lumpur. The KL Sentral development is one of Kuala Lumpur’s largest development project encompassing an area of 290,000 square metres. It includes the KL Sentral transportation hub, hotels, condominiums, shopping complexes, a clubhouse, office buildings, as well as a convention and entertainment centre.
Brickfields launched as Malaysia’s new Little India jointly unveiled by Indian Prime Minister Manmohan Singh and Malaysia’s PM on year 2009. Since its transformation, Little India Brickfields has turned into one of KL’s trademark tourist hotspots not only because of the wares found here but for its proximity to KL Sentral station.
Property Features
- Facing Main Road
- Good Frontage
- High traffic
- High visibility
- Strategic Location
- Tenanted