AmpWalk (also known as Ampang Walk) is a retail and office space located next to The Nomad Sucasa All Suites Hotel along Jalan Ampang. It was a joint venture project by between IGB Corp and Wearnes Brothers Ltd, developed by Permata Alasan Sdn Bhd, completed in 1997 just before the Asian Financial Crisis at the end of 1997.AmpWalk consists of 2 blocks of office spaces and 3-storey of retail spaces. Retail is conveniently located from the ground floor up and it is accessible right from street level. Offices are securely located above retail spaces. Retail and office spaces at AmpWalk are rather evenly distributed where retail space has 65,000 sf and office space has 70,000 sf. Retail spaces are owned by Permata Alasan Sdn Bhd and are solely for rental. Where else some office spaces were sold to individual owners, others are for rental.Located conveniently on the famous Embassy Row, AmpWalk is accessible via Jala Ampang, where to the west leads to downtown Kuala Lumpur, and to the east leads to Ampang and Middle Ring Road 2 (MRR2). In terms of amenities, it is a stone's throw away from downtown Kuala Lumpur, shopping havens, local and international schools, hospitals and business.
Property Details
Name: AmpWalk (also known as Ampang Walk)
Address: 218, Jalan Ampang, 50450 Kuala Lumpur
Developer: Permata Alasan Sdn Bhd
Completed Date: 1997
Tenure: Freehold
Type: Commercial Retail & Office
Built-up: From 600 sf
Maintenance Fee: RM0.50 psf
Subsale Price
Retail: RM650 psf
Office: RM550 psf
Rental:
Facilities
24 hours security with CCTV
Covered Car Park
Retail
Restaurants
Analysis
Developed and owned by renowned property development companies, as well as located in prime commercial and residential land in downtown Kuala Lumpur, AmpWalk is poised to shine as a landmark in Kuala Lumpur. Unfortunately, AmpWalk was built and completed right before the Asian Financial in 1997, and thus marked it mediocre performance for the past decade. Even during good times, AmpWalk failed to shine as newer and more attractive properties sprout up around it.AmpWalk has the classic retail cum office design, which has been proven as good commercial design where office workers will fuel the retail outlets, as well as provide convenience to office workers, especially lunches and a quick trip to the shop. There are 3-storey of retail space of up to 65,000 sf of various lot sizes. Retails spaces at AmpWalk are solely owned by Permata Alasan Sdn Bhd, and are for rental. Office space measured 70,000 sf where some of it is sold to individual owners. Office suites are furnished with pantry, manager room, conference room and air-conditioners, perfect for small office of up to 6 people.AmpWalk is estimated to be worth RM120 million for the whole building, but it has been rumored that it is put up for sale for an estimated RM85 millions, 30% below estimated market price. The below market rate may be due to its poor performance in the past decade.It may be a bargain for investors, considering AmpWalk is very attractive in terms of location, especially its prestige neighbors and proximity to downtown Kuala Lumpur. An updated modern look may very well do the job of turning around this property and be a real competition to those up and coming new developments around the area.
AmpWalk (又称Ampang Walk)是位于Jalan Ampang的零售和办公楼项目,毗邻The Nomad Sucasa All Suites酒店。项目由IGB Corp和Wearnes Brothers Ltd联手合作,并由Permata Alasan Sdn Bhd发展,在1997年建竣,恰恰在1997年底亚洲金融风暴爆发前。AmpWalk共有2栋办公楼,其中3层为零售店铺;零售商店坐落在底楼、1和2楼,面积为65, 000平方尺,由发展商Permata Alasan全数拥有,仅供出租;办公室则在零售店楼上,总面积有70, 000平方尺,部分出售给个人买家,另一部分则出租。坐落在大使馆路,AmpWalk衔接Jalan Ampang,可向西通往吉隆坡,或向东前往安邦和第二中环大道(MRR2)。它距离吉隆坡、购物天堂、本地学校和国际学校、医院和商业中心都非常近。