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#Business ID: 13132

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Tourism Beach Resort with Chalets & Horse Stables

Business Location: Kuantan, Pahang, Malaysia

Asking Price: $ 1m to 5m Revenue: not disclosed Cash Flow: not disclosed

[Furniture / Fixtures and Inventory / Stock included]

Business Summary

Tourism land beach resort of price tag RM16,800,000 for sale, is considerably low to Super Condos selling at 15mill in City Centre, 4 Storey Shop Lots for RM8 mill or Bungalows 10,000sf selling for RM7mill. Here we have a solid 8.325 Acre eq. 798,237sf with ready built facilities ready to be taken over.

Location Pantai Sepat - well known among locals of Pahang).
256km from KLCC
19.9km from kuantan
Land Details - 3 lots of building commercial (tourism) land. free hold - Previously was Malay reserved Land converted in 1996. Surrounded by 300 acre of government agriculture land. Currently land is used as a tourism area for the locals along Pantai Sepat.

Size of land 3.369 Hectares eq to 8.325 acre eq to 798,237sf. ( 3 lots for sale - 1013,1014,1015.) - same company.

Price is RM16,800,000 (16.8million) indicative RM 20 psf only.

Approval done - It is a tourism land. the owner have got approval to build a five star hotel 18 storey and 20 storey service apartment.
Valuation - Done by Rahim and Co (Pahang ) 28th February 1997 - RM 11,570,000 i.e 16 years ago. Land is worth much more today.

Land structure - Flat in terrain, same level as Jalan Penor.

Approval obtained - to build hotel,service apartment, clubhouse, and other recreational facilities.

Planning Provision - Kuantan Municipal have zoned this land under new tourism area.

Important - all the above details have proper supporting document including the conversion to open title.

The selling price is lock stock barrel includes - Horses, The Stable, The Lodges, The Chalets, The Paddock and The Private Residence.

Property Details

Years Established:

23

Property Type:

Real

Other Business Details

Business Location:

Scenic Beach Resort in East Malaysia with chalets, paddocks, horse stables

Planning Consent:

Approval to build tourism apartments and facilities

Miscellaneous Details

Reason For Selling:

Owner is retiring

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