Beachfront Development Landbank For Sale
Location: Malaysia
Industry: Real Estate > Other Real Estate
Businesses for sale Summary
Pre-approved Beachfront Development Landbank For Take-over Sale, Joint-Venure or For Sale & Leaseback!
Location: Popular Malaysian Tourist Township of Tg Pengilih, Pengarang, 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!
Save yourself the tiresome search for prime landbanks, carrying out due diligence, appointing architects, doing loops of meetings ad-infinitum at their or your offices, and re-inventing the wheel for this project with a gross development value of nearly RM81,000,000. This once-in-a-lifetime opportunity is not to be missed and at an unbelievable price! Email or call Henry Yeo on 65-90045168 or Email interest to GlobalBX for a profitable connection or for more information on this Beachfront Development Landbank for sale.
Financials
Asking Price Range: $2.5M – $5.0M
Gross Revenues: $51,000,000
Cash Flow: $1,800,000
Cash Flow Type: EBITDA
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.
