Resort Beachfront All Suite South China Sea Malaysia For Sale

Business description

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

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 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

Lease terms:

And Leased Units: 12 years with 2 12 year Options

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.

Other information

Expansion potential:

Occuppancy Rate 38% so plenty of growth.

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:

Can form All Suite Apartment Chain in Asia

Furniture / Fixtures value:

$1,100,000

Related documents:

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• Document

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