Mixed Development Land For Sale

, posted 8 hours ago
RM 8,400,000Kudat, Sabah

6.89

 Acre(s)

Description

Developed beach front land in Sabah

Right at the shore of Sulu sea not far from small town Kudat and the
famous Tip of Borneo, 6.89 acres, CL 999 title, any foreigner can legally own
for 999 years, issued in 1923, ~900 years left.

Land is zoned for tourism (the only one in the area) and is outstanding and exquisite. It has trapezoidal shape with a longest 300m sea side.

All covered with a nice coconut grove, which alternatively needs many years to grow. Fresh coconuts all year round. There are several mango trees, different varieties, but all very tasty.

Land is also flat and elevated 8-10m above the sea level - means safe.

There were never any tsunamis so far here, but it is protected anyway. It has
two ravines around which come to the sea and thus the land has never been
flooded. There is pond, where big lotuses were grown (could be restored, see
pictures).

House coral reef just in front of the land, 150m offshore. Very picturesque islands of Banggi and Balambangan archipelagos not far, around 25km
over the sea. Good snorkeling and diving around.

There was a resort “North Borneo Biostation” built there, which is now
abandoned. It can be restored but all wooden structures, i.e. 22 chalets,
owner’s house, office/dive center and 2nd dry store, require serious repair.

What is in decent state yet is a huge restaurant – big concrete open veranda with tiles floor, which requires just onduline roof repair and may be fresh painting. And also big store for materials and equipment.

In any case, either renovation or building a new resort, there is a ready
infrastructure for the good start – concrete footings for all the wooden
structures with connected water, electricity and sewerage.

3 phase electricity and water supply from town, 50 kW back-up diesel gen-set. Good autonomous water supply system consisting of tanks (8600 gal in total) and variable frequency pumps, providing good water pressure within a resort. Sewerage system (3 big septic tanks). Water, electricity, sewerage systems and restaurant are already good for bigger resort.

Approved Development and Building plans, means construction can be started anytime (it normally requires years to wait for zoning change and development plan approval).

Price MYR 8.4 million

P.S. It is on google map (search North Borneo Biostation) so you may easy
google our location and also find some photos of the land and the resort (when it was new, 12 years ago) here:

https://drive.google.com/drive/folders/1JxJNiMDrf-hrVI_JF4oNRR7Ae2eR0VaI?
usp=sharing

Property Details

Property Type

Mixed Development Land

Tenure Type

Leasehold

Remaining Tenure

895 Year(s)

Land Title

Non Bumi Lot

Property agent

PROPERTY HUB SDN. BHD.

Firm: E - 11283, REN 38924

All ads from this advertiser (7 For Sale, 5 For Rent)

Mortgage Estimation

⚠️ This is for reference only and is not a quote. Results vary according to different financial institutions. Mudah.my doesn't guarantee it's accuracy or applicability to your circumstances.

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