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DONE DEAL: Office space, The Vertical Office Suites, Bangsar, KL

Rented for: RM14,000 (around RM4.70 psf)

Concluded by: Ken Lim (REN 35200) of CBD Properties Sdn Bhd (017-806 0113)

When: August 2019

Noteworthy:
● Leasehold
● 2,982 sq ft
● MSC  status office
●Facilities: 24-hour security with card access and CCTV surveillance, ample car park spaces.
●Nearby amenities: The link bridge for pedestrians to Kerinchi LRT station, Nexus Bangsar South and The Sphere where a wide range of F&B outlets, shops and supermarket could be reached; 3km from Mid Valley City; around 13km to Kuala Lumpur city centre; 6km from KL Sentral.

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Developed by UOA Group, The Vertical in Bangsar South comprises six blocks of high-rise offices and one hotel tower set against a 6-acre park.

The Vertical Office Suites comprises a 32-storey and a 35-storey tower, offering more than 600 office suites with built-ups ranging between 735 sq ft and 18,600 sq ft.

A covered link bridge brings pedestrians to the Kerinchi LRT station, Nexus Bangsar and The Sphere.

According to Ken Lim from CBD Properties, the green and MSC-status building makes the suites among the most sought after offices in Bangsar South.

Its location offers easy access to KL city centre and the rest of Klang Valley via highways and main roads such as Jalan Kerinchi, New Pantai Expressway and Sprint Highway, said Lim.

Lim, who helped find a tenant for this 2,982 sq ft office space in tower A, said the space was originally three office suites but the owner combined them into one to suit the needs of the previous tenant.

“Bangsar South’s offices are always in demand, and it only took the owner around two months to get a new tenant,” said Lim.

The new tenant is an IT company owner, who likes the size of the space and Bangsar South as it is a hub for tech start-ups and businesses including Alibaba Malaysia’s office.

Vertical Office Suites is part of a mixed development that comprises retail and hotel as well as a beautiful park that offers convenience for business travellers to the area.

According to EdgeProp.my data, the Vertical Office Suites recorded six transactions in 2018, with an average selling price of RM1.2 million or RM1,048 psf. As at September this year, two office units changed hands at an average price of RM1.22 million or RM1,067 psf.

As of end November,  there were 19 sales listings on EdgeProp.my with an average asking price of RM2.21 million or RM1,080 psf.

Meanwhile, there are 44 rental listings asking for about RM15,624 per month or RM5.43 psf.

Interested to buy a unit in The Vertical Office Suites​? Or click here for more property listings Bangsar South, Kuala Lumpur. Click here to know more about Ken Lim and potential good deals.

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