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Sancturary Resort (ID: 14958)
Resorts | Kuantan, Malaysia |
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| Price: |
USD 12,000,000 |
| Status: |
Expired |
| Year Built: |
2001 |
| Lot: |
3 ACRES |
| Construction: |
15984 SQM |
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Property Highlights |
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Beach Front South China Sea |
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Huge Potential Growth |
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occupancy 40% |
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Ideal relaxed life style |
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No Capital Gains Tax |
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Property Description |
The Freehold of 55 of 127 units (52% of Resort Area) Including the Freehold of all the 11 Commercial Units and 4 Penthouses, M/ Rights , The Rights of a Further 56 Units, that Are in the letting Pool with executed management Contracts for A term of 35 years, ( Total Units Controlled 110 of 127 Units ), All Resort Fixtures, Fittings, Chattels, Furniture, ETC all Units/ Restaurants, Conference Halls ETC .
4 x 5600 Sq ft Penthouses, Converted into 6 Conference & Function Halls. (freehold)
11 Entitlements made up of 2 Indoor Restaurants, 1 with a Bar/Karaoke, 1 Outdoor Restaurant, Business Centre, Mini Supermarket, Kitchen, Admin & Marketing Offices, Reception Area & Front Desk, Massage Centre & Amenities: Total Area: Aprox 13,000 Sq ft.
5 x 3 Bedroom Units each 1388 Sq Ft & 35 x 2 Bedroom Units Each around 950 Sq Ft. A Total of 55 Freehold Entitlements.
Plus a further 56 Units with Letting Agreements in Place. Uniquely; 11 years to Run with another 2 x 12 Year Options
Providing Accommodation Twin Share for 488 Guests in Rooms=247 Rooms to operate this Business.
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