Megan Avenue 1_Property for Sale
Megan Avenue 1_Property for Sale

Megan Avenue 1

189, Jln Tun Razak, Kuala Lumpur, 50400, MY

Asset Description

Megan Avenue 1 is a freehold office complex comprising five 10 to 12-storey blocks located at 189, Jalan Tun Razak, Kuala Lumpur. Block C1, is a 12-storey corner block commercial building within this development offering c. 20,000 sq ft of office space. Located in the heart of Kuala Lumpur's bustling business district, this property offers unparalleled convenience and connectivity. The property is easily reachable via both Jalan Tun Razak and Jalan Ampang, two of Kuala Lumpur's major thoroughfares. The location also boasts excellent connectivity to key highways such as the Ampang-Kuala Lumpur Elevated Highway (AKLEH), the Kuala Lumpur-Putrajaya Highway, and the Mahameru Highway, ensuring smooth commutes to various parts of the city and beyond. The world-renowned Petronas Twin Towers and Suria KLCC are merely 1.5 kilometers away, a quick 5-minute drive or a pleasant 15-minute walk. The nearest MRT station and Rapid KL LRT station, Ampang Park, is within a 5-minute walk, providing easy access to the rest of the city. Other major landmarks such as the Kuala Lumpur Convention Centre and the lush KLCC Park, are both less than 2 kilometers away. The area surrounding Megan Avenue 1 is a hub of activity, boasting an array of amenities to cater to every need. High-end hotels like InterContinental Kuala Lumpur and Mandarin Oriental are in the vicinity, perfect for business travelers or clients. For dining and entertainment, the nearby Suria KLCC, The Intermark Mall, and local eateries within immediate vicinity offer a plethora of options.

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Attributes

Building area net
1,855 m²
Occupancy
92%
Year built
2000
Land area gross
14,909 m²
Number of buildings
1
Number of floors
12
Tenure
Freehold
Parking spaces
2,100
Rentable area
1,855 m²
Tenants
Majority owner-occupied
Asking price
₩4,211,620,000
Total Annual Rent
₩236,903,577.76

Media

Investment Highlights

Prime Location: Strategically located in Kuala Lumpur's CBD with easy access to public transportation, offering exceptional visibility and accessibility.

Freehold Tenure: Rare freehold property in a prime area, ensuring long-term value appreciation and ownership security.

Flexible Ownership Structure: Available for purchase on en-bloc basis or Individual floor strata title basis, allowing for diverse investment strategies and easier partial divestment.

Corner Block Advantage: Offers superior visibility and potential for signage, increasing brand exposure for occupiers.

Flexible investment proposition: Offers both vacant possession and leaseback option guaranteeing RM720,000 annual rental income

Megan Avenue 1 4_Property for Sale
Megan Avenue 1 4_Property for Sale

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Megan Avenue 1 (0 Properties)

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Last updated
23 Feb 2025