Kelana Damansara Suite

For Sale: The Grand @ Kelana Damansara Suite | 1.5 Storey Commercial Shoplot | Below Bank ValueSale Price: RM 4,700,000 (Bank Valuation: RM 5.5 million | Appx. 4.1% Yield)Built-up: 4,067 sq ft (Ground Flr: 2,152 sq ft | 1st Flr/Mezz: 1,915 sq ft)Tenure: Freehold | CommercialCarpark: 2 dedicated bays (in front of unit)Unit Highlights & Current LeaseRenovation: Complete refurbishment carried out in January 2023 at a cost of RM 2 million.Current Tenant: Strong financial institution (MBSB Bank) with a stable profile.Lease Terms: Tenancy runs until 31 March 2027. Includes two (2) further terms of 3 years each, with an increase of either the prevailing market rate or a maximum of 10%.Monthly Rental: RM 16,000 (Long-term, reliable tenant).Investment AdvantagesImmediate Value: The asking price is RM 800,000 below the current bank valuation, providing huge potential for instant capital appreciation.High Visibility: Located in the mature, high-traffic hub of Kelana Jaya, directly opposite Paradigm Mall and next to the former Giant Hypermarket (undergoing major redevelopment), ensuring consistent footfall.Location & AccessibilityMain Roads: Direct access via LDP, Federal Highway, SPRINT Highway, and NKVE.Public Transport: A short drive to the Kelana Jaya LRT Station (Putra Heights-Gombak Line).Landmarks: Opposite Paradigm Mall, adjacent to the new Lincoln University College campus, and surrounded by established amenities like hotels, banks, eateries, and medical centers.Development OverviewProject Name: The Grand @ Kelana Damansara SuiteDeveloper: Mediaraya Sdn BhdCompletion Year: 2016Facilities (shared within the development)24-hour security & CCTV surveillanceLandscaped garden, Lounge & BBQ areaReal stock. Not a fake advertisement.