Beachfront All Suite Hotel In South China Sea Malaysia For Sale

Business description

Full Resort Hotel Operations Plus 31 Freeholdf Units which Includes 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

Unique Benefits to a New Owner are:
ü Up to 35 Years tenure of Units not owned “providing Total Control of a Resort” without Paying for all of it.
ü High Profits to Management as Owners receive only 30% of Accommodation (only) Net Revenue.
ü Upgrade of whole Resort just been Completed (No extra Money to Spend).
ü All Fitting & Chattels in All Apartments are owned By Resort Operator.
ü Huge Potential for as current Occupancy is only at 38%
ü Net operating Profit around USD 800,000 currently so it can more than double!
ü No Capital Gains Tax of Future Re Sale
ü Option to Retain Existing Management
ü Extra Units can be purchased upon request.
ü Resort is Concrete Construction 3 Blockd x 5 Storeys with 3 Lifts hence Maintenance is low.
ü Further Letting Agreements can be obtained.
ü Control of Body Corporate

Property information

Real Estate:

Real Property Included

Living accommodation:

3 Bedroom x 3 Bathroom Apartment faceing the Beach

Location:

Just North of Kuantan, on the east coast of West Malaysia the South China Sea washes onto a pure white, sandy beach... rising into tranquil gardens... which hosts an alluring pool... over looked by the clean white lines of Sanctuary Resort.

Premises details:

3, 5 Storey Buildings with Lifts, situated on just under 3 Acres of Beachfront Land. Total Building Areas 15,000 Sq Metres.

Size in square feet:

1,388

Other information

Expansion potential:

Occuppancy Rate 38% annulised, so plenty of growth.

Planning consent:

Fully Aproved with All Licenses

Competition / Market:

Minimal with fantastic upside. Other Resorts but not Apartments so we cater to different markets in our Area,

Support & training:

Training Available

Reasons for selling:

Project Completed & Retirement

Trading hours:

24 hours

Financing available:

Some finance may be available, or Part Payment in Property Elsewhere

Furniture / Fixtures value:

$1,100,000 (included in the asking price)

Inventory / Stock value:

$30,000 (included in the asking price)

Related documents:

• 
• Detailed Information

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• Brochure