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Beachfront Development Landbank For Sale
Location: Malaysia
Industry: Real Estate > Other Real Estate




Business Summary

Pre-approved Beachfront Development Landbank For Take-over Sale, Joint-Venture or For Sale & Leaseback!

*Unique Selling Proposition: This landbank has very similar features to option pricing models. To begin with, there is little or no comparables, and no cashflow: only potential for explosive growth in value and price when development takes place!

Location: Popular Malaysian Tourist Township of Tg Pengilih, Pengerang, Sungai Ringit, Southern Johor, 15 minutes ferry-ride from Ubin Island and 45 minutes from Changi Point, Singapore. An hour and a half's drive from the Old Causeway.

The upcoming tourist township of Pengerang is very popular with middle-class (Yuppies) Singaporeans and Indonesians. For a weekend of good fun and outing, hoardes visit these beaches for long cycling trips and super-fresh sea-food in nearby Sungei Ringit Town of ''Se Wan Tho''.

Tenure: Freehold. Approved for nine-storey 288-unit beachfront luxury condominium housing.

Title: No caveats, no claims, no encumbrances, clean. Fully-paid by owner.

Size: 2.88 heactares, 6.8 acres or almost 300,000 sq ft.

Condition: Subject to continuing approvals as represented (now valid and available, option can be given subject to those).

Architectural plans: Fully available.

Piling Works: completed and fully-paid.

Architectural Models: Full-scale and unit types available.

Marketing Brochures: Available, needs updating.

Indicative Valuation: RM 11,500,000.

Asking Price: RM 8,888,888 (Exchange Rate SGD to RM 2.4)

Existing development land is owned by a company willing to consider take-over sale to interested developers, joint-venture or sale & leaseback!

Skip tiresome searches, due diligence, appointing architects and loops of meetings ad-infinitum by re-inventing the wheel for this project with a gross development value of nearly RM81,000,000.

Call Henry Yeo on 65-90045168 for more information now.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $81,000,000
Cash Flow:   $1,800,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2003
Number of Employees:  50 - 99
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Can be fully - provided by current owners.
Reason For Selling:  Wants to concentrate on another large overseas project.

Photos

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Beachfront Development Landbank For Sale Photo 1




Print Listing Id: 70096158
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Related Searches: Commercial and Residential Real Estate Brokers  >  Mortgage Brokers  >  Title and Escrow  >  Other Real Estate  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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