48 serviced apartments on sale for RM32m

KUALA LUMPUR: Forty-eight units out of 240 in a serviced-apartment block within the KL city centre is up for sale en bloc with an indicative selling price of RM32 million.

The block is about 10 to 15 minutes' walk to major shopping centres Pavilion KL and Suria KLCC. It is close to famous eateries and shopping locate Changkat Bukit Bintang, as well as LRT and monorail stations.

“The building is managed by a reputable serviced operator and occupancy is always high about 90% from past records. Obtaining a gross yield of more than 12% a year is not a problem,” says Tiffany Goh, director of YY Property Solutions (Valuation) Sdn Bhd.

The 25-storey tower is four years old and the 48 units for sale have a total net saleable area of 39,000 sq ft. The units are made up of studio, 1-bedroom and 2-bedroom units with sizes between 500 sq ft and 1,200 sq ft.

All come fully furnished and are tenanted.
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