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Listing ID: 4559 Last Refreshed: 07/05/2019 Total Views: 10024

Melaka Freehold Hotel (near Jonker Walk) RM$21,000,000

Central Area

Asking Price: S$7,000,000
  • Premise Type N/A Premise Size 25000sqft
  • Monthly Rental S$0 Rental Desposit N/A
  • Revenue S$50K - 100K Cash Flow N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 1998
  • Owner Role Full Time Staff 18
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
Veron
Email Owner

Reason For Sale

Retire

Description

Price: RM$ 21,000,000

Hotel is ONLY a 3Mins Walk to the Well Known Jonker Walk and Other Touristic Places /Buildings 


Occupancy Ave: 65%

Room Rates: $160

Monthly Operation Cost: RM$80,000

Monthly Sales: RM$180,000


Number of Rooms: 62 Rooms over 6 Levels 
Condition: 2012 Revamp with a budget of about RM$3,000,000

There is No Banquet Facilities, Has a Restaurant that Sit: 100pax. 


Freehold Land 25,000sqft (4 Connecting Lots)

Hotel sits on 17,508.39sqft with its Own Private Carpark. 

Additional Adjacent Land /Shop to the Hotel: 7,677.45sqft (Currently Tenanted at RM$6,000)

This Adjacent Land can be Developed into Another Annex of about 54 Suites Room or 108 Normal Rooms (Plan was Approved about 12 years ago).

As the Zoning of the Jalan Bunga Raya had changed, we Strongly Believed that the Plot Ratio of our land has improve too. 


Melaka is the Hottest investment Bed of China Investors and its country's National Interest. 

Attached Below are some of the Latest News of Melaka to support this claim. 

 

http://asia.nikkei.com/Politics-Economy/International-Relations/Malaysia-and-China-ink-7.3bn-Melaka-Gateway-project

 

http://www.thestar.com.my/business/business-news/2016/09/29/malacca-eyes-rm30bil-investments-from-china/

 

http://www.thestar.com.my/news/nation/2016/08/11/direct-flights-to-bring-in-more-chinese-tourists-to-malacca/

 

http://www.thestar.com.my/business/business-news/2016/06/23/malacca-intl-cruise-terminal-to-be-completed-next-year/

 

http://www.thestar.com.my/news/nation/2015/11/08/china-to-spur-growth-of-ports-rm43bil-investment-in-malacca-gateway-a-boost-to-malaysia-says-liow/

 



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24 Hours, 365 Days
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FreeHold
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