Building for sale near Bangsar

By Naveen Sachdev
naveensachdev@gmail.com

Opportunity Or Armageddon?

  Market weakness is a buying opportunity. This is what experts or property developers who understand how the market works, believe in.
  Developers who know that property investment is a long term investment game will look for opportunities to buy now, either land or building, despite the current market condition.
  These developers are hungry for assets that can help them boost their income.

Prime asset for sale in KL

  There is one cash-rich investor looking at selling his building. The said building is located in a prime area in Kuala Lumpur, to be more specific, not too far off from Bangsar.
  The building is no more than 15-storey high and the price tag, just RM125 million (land and building).
  "You can demolish the building and re-build a residential or commercial tower with 25 levels or 30 levels. The potential gross development value (GDV) for the proposed tower could easily be about RM300 million to RM350 million. The location of the building is high on investor's radar so you may be able to sell it en bloc," said a market expert with knowledge on the matter.
   While the property is not on the market yet, it is believed that the investor has received a few offers from property developers who came to know about his plan to sell recently.
  These developers are looking to buy the said building  because of its strategic location, attractive rental yield (min 6%), and the potential for the price to appreciate in the near short term. The infrastructure, including public amenities surrounding the building is fantastic!

So why is the investor selling? 

  While the investor is not in a hurry to sell, he is looking to cash out to re-invest in other businesses that he owns.
  We do have more information regarding this building but cannot divulge more as yet. You can email me however, if you are interested and are a serious buyer, and i will link you up with the building owner.
  The building, is for certain, free from encumbrances and located on a freehold parcel.

  Happy Buying!