Summary: Retail Space SATOK RM500k
Asking Price (RM): 500,000
Size (Square Feet): 550
Car Parks: 0
Lift or Elevator: With Lift
Swimming Pool: No Swimming Pool
Exercise & Gym Facility: No Gym
Security Level: No Security
Situated on the 1st floor above Maybank Wisma Satok, this retail unit is for SALE.
Size = 51.1 sqm (550 sqf) Asking Price = RM9XX psf (RM5XX,000)
Current rental is RM3,000 per month, hence the yearly rental return is RM36,000. Using YP and i=6% (EPF rate of return), the value can be calculated as:
RM36,000 / 0.06 = RM600,000.
Hence, the asking price of RM5XX,000 is below the potential value of this retail lot – making it an attractive investment.
Interested, please call Thomas Sim, PEA2066 of H. Simon Real Estate E(3)1176 at 012 – 8866 090.