Beachfront Development Landbank For Sale
www.GlobalBX.com
Listing ID:
70096158
Listing Title:
Beachfront Development Landbank For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=96158
Industry:
Real Estate
Industry Segment:
Other Real Estate
Country:
Malaysia
State / Province:
Area
City:
Asking Price Range:
$2.5M - $5.0M
Gross Revenues:
$81,000,000
Cash Flow:
$1,800,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2003
Number of Employees:
50 - 99
Business Description:
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.
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