DONE DEAL: Shop office, Balakong, Seri Kembangan, Selangor

Rented for: RM5,000 (RM3.03 psf)

Concluded by: Jessica Tung (REN 05827) (012-381 7783) of Propnex Realty Sdn Bhd

When: February 2020

Noteworthy:
● Ground floor of a 3-storey shop office
● Freehold
● Built-up: 1,650 sq ft
● Amenities: Less than 1km to Amerin shopping mall; around 5km to the Mines Shopping Centre; 50km from Kuala Lumpur International Airport; around 34km from Subang airport; 22km from Kuala Lumpur city centre
● Easy access to Kajang dispersal Link Expressway (SILK) and Cheras-Kajang Expressway (CKE)

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Completed in 2018, the shop office unit is part of a row of 3-storey shop offices that lies in front of Symphony Tower serviced apartment development in Seri Kembangan.

The freehold shop offices on Jalan Simfoni 1 face the SILK highway and serve residents of the 1,000 serviced apartment units in the project.

Jessica Tung from Propnex Realty Sdn Bhd said the shop offices have a built-up size of 1,650 sq ft per floor.

The ground floor of this intermediate unit was rented out for a monthly rental of RM5,000 under a three-year tenancy agreement with another two-year renewal option.

“Location is the biggest advantage for the shop offices here as they front the SILK highway, which offers good exposure for the businesses. The area also has easy access to the CKE,” she said.

According to Tung, the owner is an investor looking for good quality long lease tenants. The tenant intends to open a clinic in the space and likes the location which is surrounded by mature residential and commercial areas such as Taman Taming Kiri, Taman Cheras Jaya and Taman Dutamas. Various car showrooms and service centres such as Mazda, Toyota, Perodua, Mercedes-Benz, Volkswagen and Mitsubishi are also located within 1km radius of the shop offices.

As the project was completed in 2018, no transaction was recorded in 2019. However, as at end-April 2020, there were five sale listings of the shop offices on EdgeProp.my asking for an average price of RM3.8 million or RM2,013 psf while there were 12 rental listings with average asking rent at around RM2.41 psf.

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