is an office-cum-retail complex being located off the Jalan Pantai Baru, along one of the busiest roads in Malaysia, the Federal Highway. Right next to the complex are Menara TM, SJK Jalan Bangsar and Police Station Pantai.Plaza Pantai was completed in 1997 by Atlas Corporation, which has gone into liquidation since 2004. It consists of 6 office towers ranging from 17 to 30 storeys offering a total office space of about 500,000 square feet. A variety of office layouts are available at Plaza Pantai, from few hundred square feet to a maximum of around 5,000 square feet at the top floor unit. The 6 towers sit on top of a common podium having 6 levels of retail space with a total size of 160,000 square feet plus another 3 levels of basements providing 900 car park spaces.Apart from the ample supply of parking lots, Plaza Pantai is one of the very few in Malaysia having an LRT station (Kerinchi LRT station) inside the building providing superb accessibility and convenience. By the time the complex was built, it was designed to target the higher-end market. The building is designed in a way to have a direct full frontage to the Federal Highway, which captures an excellent exposure among those commuting via Federal Highway to work.Plaza Pantai is actually located in a very convenient location being right in the center of commercial and business district. Driving 3.5km to the west is Petaling Jaya while 3 km to the east is the Kuala Lumpur city center. The well-established shopping complex Mid Vally Megamall and The Gardens are within 5-min driving time from Plaza Pantai. Some of the most affluent residential compounds such as Damansara Heights, Bangsar, Pantai Hills and Bukit Bandaraya are being at the north of Plaza Pantai.
Properties Details Name: Plaza Pantai Address: No.5, Jalan 4/83A, Off Jalan Pantai Baru, 59200, Kuala Lumpur Developer: Atlas Corporation Tenure: Freehold Type: Office & Retail No. of Blocks: 6 No. of Storey: 17 - 30 No. of Parkings: 900 Office Area: 500,000 sf Retail Area: 160,000 sf Subsale Price: Rental:
Facilities Business centre Cafeteria Covered parking Mini market Salon 24-hour security
Plaza Pantai offers a very convenient location. Being right in the city center, it is accessible to most reputable housing compounds and also the major shopping complexes. However, traffic can be busy during office hours. Even though Mid Valley City is supposed to be 5-min drive, it may take you more than half an hour drive to reach the destination. The in-house Kerinchi LRT station is a good alternative for people to avoid the possible traffic jams.At the moment, a covered walkway is being built from Bangsar South to Plaza Pantai, which means the LRT station is going to be more packed than usual. It also means an increased in supply of competing office space in the neighborhood with similar proposition of convenient public transportation.A major competitive disadvantage of Plaza Pantai is the missing of the strata title. Without the proper title document, it can be a challenge for potential buyers to secure bank loans. Given the developer Atlas Corporation has gone into liquidation since 2004, it is uncertain when the strata title can be issued.The building has been over ten years. Not many food outlets around the complex to meet the need during the busy lunch hours. The retail environment is pretty quiet also. With reference to the current maintenance status and the limited facilities, the demanding management fee of RM1.25 per square feet is perceived to be high.Having said that, Plaza Pantai can offer comparatively better rental yield than the current market. This is probably due to its central locations being accessible to all those key commercial and housing areas.