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Listing ID: 4559
Total Viewed: 746
Last Refreshed: 05/09/2017

Melaka Freehold Hotel (near Jonker Walk) RM$28,000,000

Central Area, Singapore

Asking Price : Above SGD5M

Revenue: SGD50K - 100K

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 1998

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 18

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

Reason To Sell
Retire
Business Description

Price: RM$ 28,000,000

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


Number of Rooms: 62 rooms
Number of Floors: 6 Levels
Condition: Recently Revamp with a budget of about RM$3,000,000


Occupancy Ave: 65%

Room Rates: $160

Operation Cost: $80,000

Monthly Sales: $180,000

The above given data is a Good Estimate. 

There is No Banquet Facilities. 

Has a Restaurant that sit: 100pax. 


Land Title: Freehold Land

Land Size: 4 Connecting Lots; 

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

We also own the Adjacent Land to the hotel: 7,677.45sqft. 

This adjacent land can be developed into another Annex of about 54 Suites Room which is equivalent to 108 normal rooms. 

This plan was approved about 10years ago. 

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


Of late, 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/

 



Business Operations
Business Hour:
24 Hours, 365 Days
Staff:
18 Local
Property Information
Premise Status:
Rent
Premise Size:
25000sqft
Rental Fee:
SGD0
Lease Term:
FreeHold

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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