Wisma Kemajuan

 



 

 

Wisma Kemajuan is located on a prominent corner within the established industrial and commercial area of Section 19, Petaling Jaya. Other landmarks within the immediate vicinity include UMW Toyota Sales, Service and Spare Parts Centre, Wisma Academy, Wisma KT, Menara Merais and British American Tobacco.

The building was refurbished in 2007 and has since attracted a good tenant mix, increased rentals and occupancy. Wisma Kemajuan enjoys excellent accessibility from Kuala Lumpur City Centre as well as from Subang Jaya and Shah Alam via the Federal Highway, or alternatively, via Lebuhraya Damansara-Puchong and Lebuhraya SPRINT. It has further benefited from the Asia Jaya Putra LRT shuttle bus service which stops 100 meters from the property.

 

PURCHASE PRICE
RM29,000,000

APPRAISED VALUE
RM63,900,000

GROSS REVENUE
RM6,901,000

 

CATEGORY
Office/Warehouse

ACQUISITION
DATE

16th December 2005

NUMBER OF
TENANTS

22

LAND AREA
87,972 sq ft
[8,172 sq m]

NET LETTABLE
AREA

199,008 sq ft
[18,488.44 sq m]

AVERAGE OCCUPANCY
92.01%

TITLE
Industrial 99 year Leasehold
Expiring 4 July 2065

AGE OF BUILDING
23 years

ADDRESS
No. 2, Jalan 19/1B,
Section 19,
46300 Petaling Jaya,
Selangor

MAJOR TENANTS
Guocera Marketing Sdn Bhd
Hume Marketing Co Bhd
Fossil Time Malaysia Sdn Bhd
Hawley & Hazel Marketing Sdn Bhd
Brightstar Distribution Sdn Bhd