First Subang, Subang Jaya, RM 765,000

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Description

Please contact Carol Lim at 6016-3228822; Sharon Toh 6017-3319818.

First Subang is a commercial development in the heart of SS15, Subang Jaya. Developed by Titijaya, it consists of 2 office towers on top of a retail area on freehold land.

There are 3 floors of retail at First Subang, which includes a purpose-built supermarket for the AEON D’Hati Supermarket which is the anchor tenant for this building. There is also a banking hall and eateries. There are also 130 office suites, which are broadband-ready and WiFi connection is available in selected common areas.

For both workers and visitors to First Subang, they can choose to relax at the Zen garden on the rooftop, or unwind at the health club downstairs. There is 5 storeys of parking, has 24 hour security and CCTV.

First Subang is located opposite Subang Parade in Subang Jaya’s SS15, and is next to EON Bank on Jalan Jengka. It is surrounded by many developments like Carrefour, colleges, a KTM station, and more.

First Subang is easily accessible via the NKVE, NPE, LDP, and KESAS. With the KTM station and these accessible links combined, there should be no worry on the population flow.

Property Details
•Name: First Subang
•Address: SS15 Subang Jaya, Selangor
•Developer: Titijaya
•Completion Date: 2010
•Type: Commercial
•Tenure: Freehold
•No. of Blocks: 2
•No. of Units: 104
•Land Area: 1.55 acres
•Built-up: 429 – 926 sf

Analysis
Although First Subang is not a Class A commercial office such as KLCC or KL Sentral, this office building is the best office space in the area due to its facilities such as CCTV, combination of office and retail (especially since Aeon Jusco has already confirmed itself as the anchor tenant), is technology ready for today’s modern world, and much more. As a result, there is a good chance for an excellent tenant to rent your unit out.

On the downside is that there are only 738 car parks at First Subang. This is a concern as this is considered quite limited.

On a more positive note, there is a guaranteed rental return of 8% pa. With an average of RM380 psf and a maintenance fee of 0.55 psf, the monthly yield to cover everything should be at least RM2.30 – RM2.50 psf. However, it can be expected that the rental yield can reach RM3.00 psf which is an excellent rate of return even without the guaranteed terms.

Some of the neighboring offices to First Subang actually are priced above RM420, so if everything goes well, purchasing a unit in First Subang is a steal. Although it is not a top of the line commercial building project, it is a good enough project that should not be missed in your investment portfolio, especially since the area is already buzzing with activity.

Property Details

• QuikPro No:UP1213326
• Property Type:Office
• Tenure:Leasehold 
• Title Type:Strata
• Land Area:535 sq. ft.
• Built-Up:1,275 sq. ft.
• Asking PriceRM 765,000
• Asking Price psf :RM 600
• Unit type:Intermediate
• Occupancy:Vacant
• Furnishing:Unfurnished
• Posted Date:05/01/2012
• Facilities:Business Centre, Cafeteria, Covered Parking, Gymnasium, Mini Market, Salon, 24hr Security

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