Property For Sale Listing 133050
Hotel Resort
Status as of Sep-5-2008 at 01:30 AM: Active
Property Summary
Freehold of 31 of 127 units (33.3% of Resort Floor Area) Including the Freehold of all the 11 Commercial Units and 4 Penthouses, M/ Rights , The Rights of 79 Units, in the letting Pool with executed management Contracts for A term of a total of 35 years, ( Total Units Controlled 110 of 127 Units ), All Resort Fixtures, Fittings, Chattels, Furniture, ETC all Units/ Restaurants, Conference Halls ETC.
Capacity of Hotel Operations
Rooms Twin Share can accommodate 488 Persons at any one time
F & Beverage in 3 Locations can cater for 550 Persons at any one time
Conference halls Total capacity Classroom Style 750 at any one time
Summary
The Sale of the Resort Operation includes: The Freehold of all the 11 Commercial Units, 4 Penthouses that are converted into 6 Conference Halls, 16 x 2 Bedroom & 3 Bedroom Units.
Uniquely the Management only pays 30% of the Accommodation Pooled net revenue for the letting Units.
Sell price for total the 31 units (33% of Resort Freehold) for US $3,551,058
the Return is 8% Gross on purchase price or a net of US $177,525.52
The Business with Letting Agreements 79 more units - plus Control of 110 Entitlements: Resort Floor Area with Letting Units (say) 90%, plus the Total Resorts Fixtures, Fittings, Chattels ETC, All Units; including All Commercial Business Fixtures, Fittings, Chattels, All Units/Restaurants, Conference Halls ETC: Selling price U.S 4,398,601 returning 14%. Return U.S. $615,747
Categories
Location
| Classification: |
Asia & Pacific // Malaysia |
Price
| Price Classification: |
Between $7.5 Million and $10 Million |
| Asking Price: |
8,000,000 |
Property Type
| Classification: |
Businesses // Hotels & Motels |
| Type: |
All Suite Apartment Beach Frontt Resort |
