Condominium at golden triangle for investment or own stay - RM728,888.00

Date Posted: 29-01-2018 12:45 AM    Location: Kuala Lumpur, WP Kuala Lumpur    Posted by: Ally    Views: 59 times
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Property Type:Condo
Rent/Sale:Sale
No of Bedrooms:2
No of Bathrooms:2
Furnished:Yes
Size:785 sqft
Description

Properties Details

Name: 38 Bidara
Address: No 40, Jalan Bedara, Kuala Lumpur
Property Type : Serviced Residence
Tenure : Freehold
Developer : Goldhill Group of Companies
Title Code : Individual
Land Title : Residential
No. Of Blocks : 1
No. Of Storeys : 18
Built-up : From 756 sq ft

Facilities
BBQ Business Centre Laundry
Parking Gymnasium Mini Market
Nursery Playground Salon
Sauna Swimming Pool Wading Pool
Security Cafeteria

Layout

Refer to uploaded photos

Transportation

Bus Stop Wisma Cosway 160 m
Taxi Service Point Jalan Sultan Ismail 160 m
KL 86 MRT Bukit Bintang 180 m
Taxi Service Point Novotel 180 m
Taxi Service Point KL Plaza 230 m


Map

Refer to uploaded photos

Analysis

38 Bidara Service Condominium, great for investment or own stay or weekend home

38 Bidara Service Condominium surely a hidden gem in golden triangle of the City Centre of Kuala Lumpur, seller is now letting go this property @ slightly under $1000/ft2 for this 782ft2 2-full-size-bedroom condominium, comes together with a balcony that facing Jalan Sultan Ismail/ Pavillion Shopping Mall direction, which the asking price is $728,888 negotiable.

It’s a great potential for investor, one of the reason being that investor should aware that most KL property of its kind starts with a price tag of >$1500/ft2 which suggest “38 Bidara” has great potential due to its “low entry price” for both capital gain & rental return

This unit has steadily appreciated at close to 10% rate since purchased in 2005, together with well over 4%+ in rental yield non-stop since then. The property has amazingly high occupancy rate (well above 95%) which explain the logic for both capital gain (appreciation) and short term income (rental). Majority of units here are rented out and only handful of units are occupying by owners.

For a serviced condominium of >10 years old, it has well maintained to its standard considering its price range. Building facade has re-painted based on modern contemporary design, alongside with upgrading common facilities in recent years, and also newly designed/ refurbished Grand Lobby to further enhance its popularity & maintain its competitiveness in real estate property market. Management Council (MC) self-managed this building & has a great dedicated team to maintain this building considerably up to par and well acceptable. As an added note, individual strata title has granted in recent years as well.

Some negative comments made being car park is not part of the property purchase. Well! It depends how you see and judge. Market price for a car park start from $60k in this zone, FYI. You could rent a car park in basement for $150/month however, with such rate, $60k can go for >30 years ...

There are always couple of ten units on the market, however a well maintained unit like this is hard to come by, hence it has been rented non-stop since 2005.