DONE DEAL: Commercial bungalow, Jalan Maarof, KL

Rented for: RM68,000 per month

Concluded by: Sean Inn of Propstar Realty 012-2876 600 (REN 18479)

When: June 2018

Noteworthy:
● Total built-up of 26,270 sq ft
● Four floors including a roof floor
● Comes with basement car park
● Rental started in July 2018
● Comes with an elevator

According to Propstar Realty senior negotiator Sean Inn, who concluded the rental deal, the corner bungalow lot was recently rebuilt from scratch and completed in September last year.

“After the renovation, the landlord of the bungalow used it as an event space. However, in the recent slowdown of the space being used, the landlord decided to rent out the whole space,” Inn said.

The tenant moving in is a high-end furniture shop who which was previously located at Jalan Yap Kwan Seng. Inn also revealed that the tenant has been eyeing the place for a long time owing to its visibility along Jalan Maarof, Bangsar, as well as the connectivity and location.

“There are also basement car parks which can fit around 15 cars so, parking is not really a problem. The landlord initially asked RM70,000 for the rental, but after negotiations, was willing to let it go at RM68,000,” Inn said.

According to the listings available at EdgeProp.my, the average rental for a commercial bungalow along Jalan Maarof is RM5 psf.

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