Menara Safuan, City Centre, RM 2,533,000

Description

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Menara Safuan is a freehold 26-storey corporate office tower and was developed by the Safuan Group. This development project was completed in year 1992 and is situated along Jalan Ampang in Dang Wangi. It is situated neighboring Sunway Tower and Duta Grand Hyatt Hotel.

Menara Safuan units have built-up area ranging from 1,000 sf to 9,376 sf. The facilities provided include 24 hour security, centralized air conditioning, broadband enabled, passenger lifts and covered parking lots.

There is a vast array of amenities near to Menara Safuan. There are a few shopping centres located nearby such as Capital Square, Wilayah Complex and City One Plaza. These shopping centres provide many amenities like restaurants and eateries, supermarkets, banks, retail outlets and much more.

There are also a number of education institution situated near Menara Safuan like University KL, SK Pendidikan Khas, SJK Lai Ming and SRK Bukit Nanas Convent. It is easily accessible via many major roads like Jalan Ampang, Jalan Dang Wangi, Jalan Sultan Ismail and Ampang-Kuala Lumpur Elevated Highway (AKLEH). Also, the Dang Wangi LRT station is within walking distance. There are also several RapidKL bus stations around the vicinity..
Property Details

* Name: Menara Safuan
* Address: 80, Jalan Ampang, 50450, Kuala Lumpur
* Developer: The Safuan Group
* Completion Date: 1992
* Type: Office building
* Tenure: Freehold
* No. of Storey: 26
* Built-up: 1,000 sf – 9,376 sf
* Subsale Price: From RM500 psf
* Rental: From RM3.00 psf

Facilities

* 24 hour security
* Centralized air-conditioning system
* Broadband
* Passenger lifts
* Covered parking lots

Analysis

Menara Safuan is located at a strategic area as it is easily accessible from the Kuala Lumpur City Centra via Jalan Ampang. Apart from that, the building is also near to aplenty of amenities – which mostly are within minutes of walking.

However, Jalan Ampang and Jalan Sultan Ismail are known to be very congested during peak hour due to heavy traffic. As the building is situated quite near to Petaling Street, tenants can see that there are quite a number of foreign workers to and fro from Petaling Street.

*******Comparison of Asking Rentals per month (OFFICE BUILDING) in the vicinity:

1) Menara IMC - Jln Sultan Ismail - RM6.50 per sq ft
2) Sunway Tower (next to Menara Safuan) - RM4.50 per sq ft
3) Capital Square - RM5.50 per sq ft
4) Kompleks Antarabangsa RM4.80 per sq ft
5) Wisma Kenanga - RM5.00 per sq ft
6) Shahzan Tower (Standard Chartered Bank) - RM6.50 per sq ft
7) Menara Citibank - Jkln Ampang - RM6 per sq ft
8) Menara WELD - RM5.00 per sq ft
9) Menara Hap Seng - RM6.00 per sq ft
10) UBN Towers - RM6.00 per sq ft

Public transportation - Bus, Rapid LRT and Monorail is within walking distance, almost 24 hours food outlets at Capital Square, Jln Dang Wangi, Jln Sultan Ismail and Jln Ampang area, most ideal for any corporation with staff shifts requirements :-

5 STARS hotels and others i.e, Shangrila Hotel, Renaissance and New World Hotels, Imperial Hotel, Pacific Regency Hotel Service Suites, Concord Hotel, Hotel Maya are close in proximity.

The View; 360 degrees view of CBD skyline including KLCC Twin Tower and KL Tower.

Night spots; needless to say - plenty .......

Location map to Menara Safuan (attached below); situated along Jln Ampang, sandwiched between Jln Dangi Wangi and Jln Sultan Ismail, K.Lumpur.
Large Open Public Carparking Space is just in front of Menara Safuan with many MNCs and Malaysia Inc companies in the vicinity.

*******Comparison of Asking Prices of Office Buildings that are for sale in the vicinity of Menara Safuan - KLCC and other comparable areas.

1) Frasers Place (Behind Equatorial Hotel) (NEW) - RM1,500/= per sq ft
2) Menara UOA I & II, Jln Pinang (about 17 years) - RM560.00 per sq ft
3) Menara UOA, Bangsar (about 8 years old) - RM850.00 per sq ft
4) Bangsar South (Kampung Kerinchi) (NEW) - RM850.00 per sq ft
5) Solaris Mont Kiara (Shop Office types) (about 3 years) - RM560.00 per sq ft
6) Solaris Dutamas (about 2 years) - RM750.00 per sq ft
7) Sunsuria Avenue (NEW) - Persiaran Mahagoni, Kota Damansara - RM850.00 per sq ft
8)Menara Solaris behind Renaisaance Hotel(Newly launch) – RM788 psf


Return On Investment:-

Scenario A

Price RM520 per sq ft X 4,917 sq ft = RM2,556,840.00

Take an average of RM3.30 per sq ft, per month X 12 months = RM194,712.20

Your estimated R.O.I is 7.6% gross, per annum.

Property Details

• QuikPro No:UP1263138
• Property Type:Office
• Tenure:Freehold 
• Title Type:Individual
• Built-Up:4,917 sq. ft.
• Asking PriceRM 2,533,000
• Asking Price psf :RM 515
• Unit type:Corner
• Occupancy:Vacant
• Furnishing:Unfurnished
• Facing Direction:NorthEast
• Posted Date:25/11/2011

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