DONE DEAL: Office unit in The Vertical, Bangsar South, KL

Rented for: RM4,695 per month or RM5 psf (including 6% GST)

Concluded by: Jaimie Lee of Property Hub Sdn Bhd (012-281 9182)

When: December 2015

Noteworthy:
* Built-up: 939 sq ft
* The only unit with this built-up on the entire floor
* High floor, facing east overlooking the Pantai area
* Partly furnished with air-conditioning units, flooring and pantry
* MSC-status-certified office building

The Vertical comprises two office buildings and the above mentioned unit is located in The Vertical II Office Suites, also known as Tower B. The 32-storey Tower B houses 250 units.

According to the agent, Jaimie Lee of Property Hub Sdn Bhd, the vendor is an investor whose unit has never been occupied before it was rented to the tenant, a technology company which relocated from Mont’Kiara.

“The tenant likes the place for the convenience of public transport (LRT) in the area and the reasonable monthly rental. The MSC-status-certified building was rented out at RM5 psf, while the average market price psf has reached RM6 psf and above,” said Lee.

She added that the nearest MSC-status-certified offices from The Vertical II Office Suites are in KL Sentral, where the monthly rental price psf is from RM6 psf onward.

“Monthly asking rental psf of bare units (at The Vertical II Office Suites) typically starts from RM4.50, so this is a rare find in the vicinity,” Lee adds.

As The Vertical II Office Suites is a newly-completed project, there are no transactions recorded in TheEdgeProperty.com.

However, according to rental listings of the project in TheEdgeProperty.com, the average asking monthly rental per month psf is RM5.09.

Click here to check out offices available for rent at The Vertical. 

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