Axis Vista

 



 

 

Fronting the Federal Highway this landmark building has approximately 300,000 cars pass by every day allowing the tenants unprecedented advertising possibilities by locating here. A modern showroom design with offices upstairs featuring warehouse space at the rear makes it the ideal location for automotive and marketing companies.

The property was refurbished in 2007 to reposition the asset as a showroom and service centre, taking advantage of the excellent frontage onto the Federal Highway.

 

PURCHASE PRICE
RM32,000,000

APPRAISED VALUE
RM56,000,000

GROSS REVENUE
RM2,612,000

 

CATEGORY
Showroom/Office
& Warehouse

ACQUISITION
DATE

9 December 2008

NUMBER OF
TENANTS

2

LAND AREA
151,361 sq ft

NET LETTABLE
AREA

118,017 sq ft
(10,964 sq m)

AVERAGE OCCUPANCY
65.31%

TITLE
Leasehold interest for
99 years expiring
4 May 2066

AGE OF BUILDING
Original warehouse : 42 years
Warehouse refurbished in 2007

ADDRESS
No. 11, Jalan 219,
Section 51A,
46100 Petaling Jaya,
Selangor

MAJOR TENANTS
Mitsubishi Electric Sales Malaysia Sdn Bhd
Extrovest Communications Sdn Bhd