For sale
Office Tower / En Bloc
MSC
GBI
DH-100015
Corporate HQ building, Bangsar South
◍ Bangsar South
Standalone 9-storey office with naming rights, two minutes from Universiti LRT.
142,000 sq ftBuilt-up
5.7%Gross yield
4.7 yearsWAULT
LeaseholdTenure
About this property
A standalone corporate headquarters building in the Bangsar South commercial district, two minutes on foot from Universiti LRT and ten from Mid Valley. Nine office floors over a five-level car park, 96% let to six tenants and anchored by a regional bank on a term to 2032. GBI Platinum and MSC Cybercentre status. Naming rights are available to a purchaser, which is rare on this stretch and worth real money to an owner-occupier.
Property details
Price
- Asking price / rent
- RM 185,000,000
- Price psf
- RM 1,302.82 psf
Size
- Net lettable area
- 142,000 sq ft
- Gross floor area
- 168,000 sq ft
- Efficiency ratio
- 84.5%
- Floors / units
- 9 floors
- Car parks
- 320 bays (2.3 per 1,000 sq ft)
Title & tenure
- Tenure
- Leasehold, expiring 2110
- Land title
- Commercial title
- Title status
- Individual title
Income
- Passing rent psf
- RM 6.2 psf/mo
- Market rent psf
- RM 6.8 psf/mo
- Annual rent
- RM 10,564,800
- Net operating income
- RM 6,464,800
- Gross yield
- 5.7%
- Net yield
- 3.5%
- Reversionary yield
- 6.3%
Tenancy
- Occupancy
- Tenanted
- Occupancy rate
- 96%
- WAULT
- 4.7 years to expiry · 3.1 years to break
- Number of tenants
- 6 tenants
- Anchor tenant
- Regional bank
- Lease expiry profile
- 8% in 12 mo · 26% in 24 mo · 54% in 36 mo
- Rent review & escalation
- Fixed step-up · 3%
Building
- Year completed
- 2017
- Building grade
- Grade A
- Green rating
- GBI — Platinum
- MSC status
- MSC Cybercentre status
Features
- Walking distance to MRT/LRT
- 24-hour security
- Passenger lift
- Central air-conditioning
- Backup generator
- Fibre-ready
- Sold with tenancy
Location
Approximate location only. The property sits somewhere within this circle — the exact address is held by Straits Capital Partners and released to interested buyers directly.