Diamond Square
Jalan Semarak Api 1, Diamond Square, Setapak, Kuala Lumpur
RM 1,080,000
1
Bath
3,443
sqft
RM 313.68
psf

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About this property
Freehold 3,443sf Office With 6% Yield, Diamond Square KL
Investment Opportunity With Rent Back (Sale And Leaseback)
- 4 adjoining office units, total 3,443 sq ft, separate strata titles
- Price RM 300K per unit, RM 1.2M for all 4 units
- Owner will lease back at RM 1.5K per unit per month (RM 6K per month total), approx. 6% gross yield
- Owner-occupied since purchase, never rented out
Unit
- Fully fitted office: boardroom, manager rooms, discussion room, open workstation area and filing storage
- Ceiling cassette and wall-mounted air-conditioning, false ceiling with lighting
- Maintenance fee approx. RM 0.14 psf including sinking fund
- Owner estimates replacing the current fit-out would cost over RM 1M
Location
- Diamond Square, off Jalan Gombak, Setapak
- Close to Setapak Central and Sri Rampai LRT station
- Easy access to DUKE Highway, MRR2 and Jalan Genting Klang into KL city
Ideal for investors looking for immediate rental income, or a company needing a ready office.
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Common facilities
24-hour security
Cafe
Multi-purpose hall
Parking
Estimated mortgage
Diamond Square

Diamond Square is a leasehold shop/office development. The shop/office development is located at Jalan 3/50 in Gombak, Kuala Lumpur. Diamond Square is a well built shop/office. The project was completed in the year 1998 with a total of 830 units. The project was completed by Medan Ehsan Sdn Bhd, a small property developer that has developed only this project in Malaysia. Diamond Square is close to Gombak city centre. It is about 25 to 30 minutes away from the town via Lebuhraya Kuala Lumpur-Gua Musang and Jalan Kuching. There are other public transports that can be used to get to Diamond Square. The closest bus stops are located at Diamond Square, Platinum Residence and SRJK (C) Chong Hwa. There are several other amenities in the surrounding area as well such as schools, supermarkets, restaurants and many more. The closest schools are SMK Danau Kota, SMK (P) Air Panas and International Islamic College. The closest supermarkets are TescoYsk frehsmart Setapak, Kedai Runcti Maryani and 99 Speedmart. There are also some pharmacies and clinics nearby in case of medical emergency such as Klinik Pergigian Sri Setapak, Klinik Leong and Klinik Reddy. There are a few restaurants tenants can get their meal from such as Empire Village Restaurant & Catering, Zhun Hiong and ZaZa Restaurant. Diamond Square is a well established shop/office surrounded by other well established businesses as well. There are several facilities that customers and employees can enjoy while at Diamond Square. Among the facilities are mini-marts, salons, cafes and restaurants. The community plaza and business centre is not far from the development either. Diamond Square comes equipped with 24 hours security system that ensures the safety of those in the building is well taken care of at all times. There are also car parks that would help customers and employees save time searching for parking space. There are various sizes and prices for the units here in Diamond Square. Tenants can use their creativity to make their shop/offices more enticing to customers. Tenants can also browse through the prices and sizes of the units and select the ones that fit their budget the best. The sale price for the units in Diamond Square ranges between RM 200,000 to RM 278,000. The rental price for the units ranges between RM 380 to RM 5,500. There are a variety of sizes to choose from as well. The size for the units here in Diamond Square averages at 893 square feet. There are other projects in the surrounding area of Diamond Square that may be of interest to customers, tenants and employees. Among the projects that can be looked at are KL Traders Square Residences, Berlian Setapak Residence @ Jalan Semarak Api, 222 Residency, MH Platinum Residences, Putra Villa and Sri Harmonis Apartment.
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