Kota Raya is a freehold shopping complex located in a purely commercial area located in the heart of Kuala Lumpur in Pudu. It is located approximately 8 minutes away from the city centre, while Petaling Jaya is only 20 minutes away, Mont Kiara at 15 minutes and Bangsar at 10 minutes. The Kuala Lumpur International Airport (KLIA) is 45 minutes away from here.Kota Raya stands at six storeys tall within one block, with many shop lots for either rent or sale. The average built-up of the shop lots here range between 635 sf and 1,353 sf, with incredibly steep average selling prices of RM4,409 psf. The rental is of these units are also pricey at RM13,000 per month for a 635 sf unit.Benefits of renting or obtaining a business lot in Kota Raya includes an extremely high traffic flow of pedestrians as well a a number of foreigners visiting the area. The building has lifts as well as a centralised air-conditioning system in place. As most of the shops are mostly occupied, the units for sale are usually sold with partial furnishings that might include a desk, chairs or even clothes railings.Kota Raya is busy at all times of day and even at night, not just during weekends, as it is located just opposite the entrance to the famous local tourist attraction of Petaling Street which is otherwise known as Chinatown. The shops below the building have an open air concept, consisting mostly of handphone shops, while the corridors leading to the lifts are usually packed with Pinoys selling their local wares during weekends. A lot of the wares sold include facial care creams as well as food products.Kota Raya is one of the most well located complexes in Kuala Lumpur, as it is surrounded by many hotels, from budget hotels to luxurious world renowned five star hotels. Popular eateries and restaurants are within walking distance at all times of day and night, while in Petaling Street are many shops that sell fun stuff including imitation goods and local delicacies.As one of the most centrally located complexes in the city, Kota Raya is well connected to all places via Jalan Tun Tan Cheng Lock and Jalan Hishamuddin. Public transportation is dynamic with many bus stops just outside the complex where more or less all of the RapidKL busses and Metro Bus of Kuala Lumpur passes through.
Property Details
Name: Kota Raya Address: Jalan Cheng Lock, 47810 Kuala Lumpur Type: Shopping Complex Tenure: Freehold No. of Blocks: 1 No. of Storey: 6 Built-up: From 635 sf Subsale Price: From RM1,400,000 Rental: From RM5,500Facilities
Lifts Parking lotAnalysis
Kota Raya is one of the most visited complexes in Kuala Lumpur due to its location which is not just in the city centre but is also beside Petaling Street, a major tourist attraction in Malaysia. As such, traffic is always at its worst in this area, where motorists can expect traffic congestion at all times of the day. The neighbourhood of Kota Raya, especially the streets outside the complex, is not one of the safer places to be at night as many foreigners from Bangladesh, Indonesia and India roam the streets unpleasantly at night. These foreigners are also highly suspect in many cases of pickpocketing during the daytime.In spite of the rather edgy community that linger around Kota Raya, the area is still one of the most fantastic investments that business owners can obtain. Not only will their businesses have continuous patrons throughout the year, they will also have range of steady local customers as well as a good range of walk-in clientele at all times of the year, guaranteeing a booming business all year round.
