DONE DEAL: Office at The Gardens South Tower, Mid Valley City, Kuala Lumpur

Rented for: RM34,034 (RM7psf)

Concluded by: Victor Lim (REN 09135)(019-280 2788) of CBD Properties Sdn Bhd

When: December 2019

Noteworthy:
Leasehold
Built-up: 4,862 sq ft
MSC-status Grade A office
Connected walkway to mall
Facilities: 24-hour security, centralised air-conditioning, CCTV surveillance in public area, covered parking, and high-speed broadband.
Nearby amenities: walking distance to KTM Komuter, shuttle bus services to and from Bangsar LRT station
Easy access to main roads and highways such as Federal Highway, Old Klang Road, New Pantai Expressway (NPE), East-West Link Expressway (Salak Expressway), Jalan Syed Putra and Jalan Bangsar.

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Mid Valley City is an integrated development by IGB Corp Bhd. The development consists of two shopping malls (Mid Valley Megamall and The Gardens), three hotels and eight office buildings as well as residences at Southpoint Tower.

Mid Valley Megamall is one of the most popular malls in the country and it has fuelled demand for the commercial and retail units in Mid Valley City.

Victor Lim from CBD Properties Sdn Bhd, who concluded this office rental deal in December 2019, said tenants are often attracted by the location and the MSC status of the Grade A office spaces in Mid Valley City.

It is one of the most sought after addresses in Kuala Lumpur for its easy accessibility and proximity to various amenities including the mall.

“The tenant of this unit in The Gardens South Tower liked it for its fantastic view and good Feng Shui. The rental also suited the tenant’s budget,” Lim said.

The 4,862 sq ft office unit was rented for RM7 psf or a monthly rental of RM34,034 for three years.

Based on EdgeProp.my listings, there were a total of 66 office rental listings in Mid Valley City as at mid-April 2020, with asking rental ranging between RM4 and RM8 psf.

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Interested to buy a unit in The Gardens Residences? Or click here for more property listings in Mid Valley City. Click here to know more about Victor Lim and potential good deals.

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