Monday, April 20, 2009

Upcoming April auction


36th Floor, Gurney Park, Persiaran Gurney, 10250 Penang

Floor Area : app 856sf

Reserve Price : RM320,000

Investment analysis : Rental per month app. RM2,000 to RM2,500 per month (depends on
condition and furniture provided)

If based on RM2,000 per month - annual rent is RM24,000

Therefore RM24,000 / RM320,000 * 100% = 7.5% (Gross Rental)

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