|Sanctuary Resort Hotel Malaysia Beachfront South China Sea - For Sale in Malaysia
All Properties and Projects - Malaysia. This Property for Sale: Summary and Contact - Pictures - Description
Sanctuary Resort Hotel Malaysia Beachfront South China Sea
Capacity of Hotel Operations
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|Hotel Services in a Direct Beach Resort - South China Sea. |
ALL SUITE EXCLUSIVE, 2 BEDROOM / 2 BATHROOM 3 BEDROOM / 3 BATHROOM APARTMENTS “AL with PANORAMIC VIEWS”
Freehold of 31 of 127 units (33.3 of Resort Floor Area) Including the Freehold of all the 11 Commercial Units and 4 Penthouses, M/ Rights , The Rights of 79 Units, in the letting Pool with executed management Contracts for A term of a total of 35 years, ( Total Units Controlled 110 of 127 Units ), All Resort Fixtures, Fittings, Chattels, Furniture, ETC all Units/ Restaurants, Conference Halls ETC.
Capacity of Hotel Operations
Rooms Twin Share can accommodate 488 Persons at any one time
F Beverage in 3 Locations can cater for 550 Persons at any one time
Conference halls Total capacity Classroom Style 750 at any one time
Summary: The Sale of the Resort Operation includes: The Freehold of all the 11 Commercial Units, 4 Penthouses that are converted into 6 Conference Halls, 16 x 2 Bedroom 3 Bedroom Units. Uniquely the Management only pays 30 of the Accommodation Pooled net revenue for the letting Units.
The Business with Letting Agreements 79 more units - plus Control of 110 Entitlements: Resort Floor Area with Letting Units (say) 90, plus the Total Resorts Fixtures, Fittings, Chattels ETC, All Units including All Commercial Business Fixtures, Fittings, Chattels, All Units/ Restaurants, Conference Halls ETC: Selling price U.S 4,398,601 returning 14. Return U.S. $ 615,747
Sale price includes 31 units (33 of Resort Freehold) for US $3,551,058
the Return is 8 Gross on purchase price or a net of US $177,525.52
Unique Benefits to a New Owner are:
Up to 35 Years tenure of Units not owned “providing Total Control of a Resort” without Paying for all of it.
High Profits to Management as Owners receive only 30 of Accommodation (only) Net Revenue.
Upgrade of whole Resort just been Completed (No extra Money to Spend).
All Fitting Chattels in All Apartments are owned By Resort Operator.
Huge Potential for as current Occupancy is only at 38
Net operating Profit around USD 800,000 currently so it can more than double!
No Capital Gains Tax of Future Re Sale
Option to Retain Existing Management
Extra Units can be purchased upon request.
Resort is Concrete Construction with 3 Lifts hence Maintenance is low.
Further Letting Agreements can be obtained.
Control of Body Corporate
Salient Points: Purchasing These Management Rights
ü Malaysia Company income Tax less than 27 Tourism incentives can reduce that.
ü Letting Agreements are locked in for full term even if owners sell their Units.
ü Property is Freehold so can sell internationally
ü Letting Agreements are unique, as we only pay a return of 30 not the Norm.
ü The Units are Commercial which means no owners stay here (Ever) Permanently.
ü Receive income from non letting Units as Property Managers
ü Foreigners are welcomed and values here and held in esteem.
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