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
RM62,000,000

 

TYPE
Office/Industrial

ACQUISITION
DATE

9 December 2008

NUMBER OF
TENANTS

3

LAND AREA
151,361 sq ft
(14,062 sq m)

NET LETTABLE
AREA

118,557 sq ft
(11,014 sq m)

OCCUPANCY RATE
100%

TITLE
Leasehold expiring on 4 May 2066

LAND TITLE
H.S(D) 159847, PT 11, Bandar Petaling Jaya, District Petaling, State of Selangor.

AGE OF BUILDING
Original warehouse : 51 years
Warehouse refurbished in 2007

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

MAJOR TENANTS
DirectD Retail & Wholesale Sdn Bhd
Mitsubishi Electric Sales Malaysia Sdn Bhd
Sports Direct Malaysia Sdn Bhd