DONE DEAL: Office Unit, Solaris Dutamas, Kuala Lumpur

Rented for: RM3,000 (RM4 psf)

Concluded by: Kevin Teh (REN02206, 013-555 7333) of Propstar Realty 

When: End-July 2019

Noteworthy:
● Freehold
● Built-up: 748 sq ft
● Semi-furnished office with three clear glass partitioned rooms
● Facilities: 24-hour security, centralised air-conditioning, CCTV surveillance in public area, covered parking
●  Located next to Publika Shopping Gallery,  banks, clinics and various eateries, 3km to government agencies at Jalan Sultan Mizan Zainal Abidin (formerly known as Jalan Duta) and the Malaysia International Trade and Exhibition Centre
● Easy access to Jalan Tuanku Abdul Halim, Duta-Ulu Klang Expressway and Jalan Kuching, around 10km to KL city centre and Mont’Kiara

Developed by UEM Sunrise Bhd, Solaris Dutamas is a freehold integrated development, comprising office towers, residences  and Publika Shopping Gallery.

Completed in 2010, the offices in the development are popular because of the amenities and the project’s location close to Mont’Kiara, KL city centre and the Jalan Duta government agencies. The upscale and art-centric Publika also attracts young shoppers and expats for its variety of F&B and retail choices.

According to Kevin Teh of Propstar Realty who concluded the rental of the 748 sq ft office unit for a monthly rent of RM3,000, the rent secured is around market rate.

“The tenant likes the unit as it is clean, well-maintained and comes with three clear glass partitioned rooms. They can move in anytime with just a few loose furniture,” he said.

Hence, the tenant inked the two-year tenancy with an option to renew for another year. Teh added that the investor-owner was happy to secure a long tenancy and stable rental income.

According to EdgeProp.my data, there were six Solaris Dutamas office units sold at an average price of RM901,541 or RM866 psf in 2019 while in 2018, 21 office units changed hands for an average  RM935,002 or RM941 psf.

As at mid-January, there were 52 rental listings on the portal asking for an average rent of RM5,146 or RM4.32 psf while there were 24 sales listings with an average asking price of RM1.86 million or RM1,151 psf.