Due to age factors and the pendamic, we are offerring this hotel to any serious investors at a guarented below market price. The indicative fanancial valuation in 2018 is MYR36 million BUT NOW we are willing to sell the hotel only MYR28.5 million free from all encumbrances and on WHERE IS AS IT IS basis.
Along the main road of jalan loke yew – 1 km to Times Square, 1.2 km to Bukit Bintang, 600 meter to Pudu and 2km to the centre. Considered a strategic location, we are only 500 meter to LRT station, 500 meter to Kenanga Wholesale Fashion (KWF) and 800 meter to PNB118.
– CCC currently is under processing by our appointed architect will soon completed.
– Approved extension of leasehold to 99 year with a premium of MYR350k (havent paid).
– Hotel has 15 private car park but many lots of public park arround the hotel which are still free.
– Before pendamic, the monthly revenue was arround MYR180k to MYR220k. The marketing was runs by OYO which thier rooms tariff are always 40% below market while occupancy rate is reaching 80%.
– Cafe and mini mart been tenanted at 18% on gross sale monthly.
– Hotel was operated under a temporary licence pending CCC by architect.
– A space for hall, swimming pool and gymnisium on 9th floor were available with expecting renovation cost of MYR150k*.
– Yearly Quit rent is MYR7,300 while Assesment is MYR60,000.
– The property is covered with fire insurance worth premium of MYR34m.
ONLY FOR SERIOUS AND INTERSTED PARTY KINDLY MAKE YOUR PROPOSAL AND YOUR FINANCIAL BACK GROUND VIA OUR EMAIL firstname.lastname@example.org
OR WHATSAPP USING pdf TO +601112375064
FOREIGN COMPANIES ARE WELCOME
AGENTS ARE WELCOME
PLEASE AVOID WASTING OF TIME
Midaris Holdings Sdn Bhd
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