Danau Lumayan Avenue is a leasehold commercial property developed by Danau Lumayan in the thriving neighborhood of Bandar Sri Permaisuri, within the Cheras township. This is a commercial development of 3-storey shop offices stretched over 6 blocks close to Mentari Condominiums. The built-up of each unit is 22’ x 75’ or a total of 4,950 sf, 3 storeys high. Ample parking surrounds the shop-offices. Each lot has double frontage and the floor to floor height is 4.5m or 15”. Plenty of amenities surround Danau Lumayan Avenue with the catchment’s population of over 70,000 and growing. Many flock to Bandar Sri Permaisuri as it is a growing neighborhood, is self-contained with plenty of choices both residential and commercial to suit every walk of life. Surrounding the area are other residential property developments by the same developer. Just further away across from Danau Lumayan Avenue is Tasik Permaisuri Lake, a lovely recreational location and close by to HUKM (hospital) and Carrefour hypermarket. Bandar Sri Permaisuri is sandwiched in between large suburbs like Bandar Tun Razak and Taman Midah, Cheras. The area is just off the Lebuhraya Kuala Lumpur – Putrajaya (Maju Expressway) which also links up with the SMART highway which takes commuters to the KL City Center in 10 minutes and all the way to the KL International Airport (KLIA) in about 40 minutes. Jalan Loke Yew is also a main thoroughfare for commuters in and out of the area. 3 LRT stations, a KTM commuter station and bus stops are all located nearby. Just a few LRT stops away is the Bandar Tasik Selatan integrated terminal which provides linkage to all kinds of public transportation in and out of the city.
Property Details
Name: Danau Lumayan Avenue Address: Bandar Sri Permaisuri, 56100 Kuala Lumpur Developer: Danau Lumayan Completion Date: October 2008 Tenure: Leasehold Type: Shop-office No. of Units: 56 No. of Storeys: 3 floors Built-up: 1,650 sf per floor (22’ x 75’) Launch Price: from RM930,000 Subsale Price: Rental: from RM3.00 psf (ground floor), from RM1.00 psf (1st & 2nd floor)Analysis
Danau Lumayan was awarded a concessionaire by the Federal Government and Dewan Bandaraya Kuala Lumpur to develop the area of Bandar Tun Razak, Cheras with a total land area of 102 acres and build-able area of 65 acres. This shop-office development was amongst those completed just in 2008 and the strata title has been released as well. The developer’s other notable projects within the area are The Lumayan Apartments, Mentari Condominiums, and the upcoming Lake Avenue, which will be a more up-market business district. Finishing and specifications of the shop-offices are pretty basic. Nothing fancy but a good alternative for those looking for an affordable lettable shop unit. A ground floor unit is rentable at RM5,000 per month, while the 1st and 2nd floors are in the range of RM1,500 – RM2,000 per month. The units being dual frontage is appealing as access can be from both front and back, idea for many restaurants that have sprouted out in the area.
