Tenanted hotel near Bukit Bintang for taking over

DIRECT OWNER !!!
A 3 star hotel for sale located at 1 km to Bukit Bintang.

A SERIOUS INTERESTED PARTY NEED TO PUT MINIMUM 10% AS A DEPOSIT PAYABLE TO THE BANK/LAWYER

ASKING PRICE RM25M nego

THE BALANCE OF PURCHASE PRICE SHALL BE PAID WITHIN 3 MONTHS FROM THE DATE OF THE S&P.

Ownership is Midaris Holdings Sdn. Bhd.

Current value RM30.2m

DETAILS OF THE PROPERTY

■ Newly refurbished with cost of RM304k
■ Tenanted at RM100k per month untill Mac 2028 with option to renew.
■ Remaining lease is 46 years but extension of leasehold has approved for 99 years with premium of RM314k unpaid - need to reapply.
■ 114 Rooms
■ 2 glass door elevetors
■ Land area 6,000 sq.ft
■ BU Gross 58,000 sq.ft
■ Restaurant
■ Minimarts
■ 6 private parking
■ 25 lots free parking
■ 2 lots bus lay-by
■ Legal licence
■ Conference rooms 70 pax
■ Skydeck 2,500 sq.ft.
■ Swimming pools (can reinstate)
■ Gym
■ Laundry shop

ENCUMBRANCES AND LIABILITIES

■ Outstanding liabilities & encumbrances is about RM700k
■ Architect & consultant fee for obtaining final CCC is RM180k one off.
■ Security deposit to be refunded to the Purchaser.

Midaris Group
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