Resort All Suite Beachfront Hotel for Sale and Rent in Kuantan, Pahang, Malaysia
All Suite Hotel Resort Island River & Sea, Beach Front
ALL SUITE EXCLUSIVE", 2 BEDROOM / 2 BATHROOM & 3 BEDROOM / 3 BATHROOM APARTMENTS “AL with PANORAMIC VIEWS”
Freehold of 31 of 127 units Control of All the Resort Floor Area) Including the Freehold of all the 11 Commercial Units and 4 Penthouses, M/ Rights, The Rights of 79 Allsuite, 2 & 3 Bedroom 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 & Games Room, 16 x 2 Bedroom & 3 x Bedroom Units.
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 x 5 Storey Blocks with Lifts hence Maintenance is low.
Further Letting Agreements can be obtained.
Control of Body Corporate
All APARTMENTS
• Large sea view balconies
• 1 bathroom for each bedroom
• Kitchen (fully equipped).
• 220 AC & Adaptor
• Telephone IDD
• Television
• Fire Sprinklers
• Air Conditioning
Just North of Kuantan, the South China Sea washes onto a pure white, sandy beach... rising into tranquil gardens... which hosts an alluring pool... over looked by the clean white lines of Sanctuary Resort.
Truly perfect and serene with soothing tropical breezes, swaying casuarinas, and unending white sands in harmony with the azure blue sea. Just in front of the Resort is a Private Island.
IN DOOR FACILITIES
• Banquet - Conference Facilities
• Front Desk & Games Room
• Business Centre
• 3 Lifts
• Resort Shop
• 3 Restaurants
• Mini Market
• Massage
• Karaoke Bar
OUT DOOR FACILITIES
LAGOON
• Swimming Pool
• Pool Bar
• Barbeque
OUT SIDE AREA
• Play Ground
• Secure Parking
• 24 Hr Security
PRIVATE BEACH
• Volley Ball
• Beach Soccer
• Native Fishing
• Boat Hire
PRIVATE ISLAND
• Refreshments
• Water Taxi
• Diving Hire
Location
It's easy to get to Sanctuary Resort; less than one hour 20 minuets by air from Kuala Lumpur and Singapore, or three hours by car. 25 minutes from Kuantan town, on the beach, on the east coast of Peninsular Malaysia. 289 km east of Kuala Lumpur and 339 km North of Singapore. Flight time is only 40 minutes. Just 8 Miles from Club Med Cherating.
Salient Points: Purchasing This Resort
ü Malaysia Company income Tax less than 27% Tourism incentives can reduce that.
ü Property is Freehold so can resell 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.
ü All Senior and most other Staff and Guests Speak English
ü Fishing Village adjoining Land
ü Adjacent Land can be acquired Approved for another 192 x 2 & 3 Units (AU Architect)
ü Average size of 2 bedroom unit 940 Sq ft
ü Average size of 3 bedroom unit 1388 Sq ft
ü Foot Print of the 3x5 Storey Buildings no more than “20 Meters” to the Sand.
ü All units Have Sea Views
ü No Advertising or Media to attain present income: huge growth available.
ü Income increasing by no less than 30% per annum over last 3 years.
ü Incentives offered by Government To Hospitality industry and excellent support
ü 2.5 Hours drive from Population 6.4 Million with New Expressway Direct to Entry.
ü 28 Klms to Kuantan Town: Population of 750,000.
ü No GST, Government Tax only 5% on revenue.
ü Potential Bar Trade (not Utilized) but Licensed Premises (More Income)
ü Intercom to All (all Suite Apartments) from Front Desk & Facilities
ü Wireless Internet in All 3 Blocks
ü All Apartments Fully Air Conditioned
ü 100 Medicinal Herbal Plants growing in grounds for Future Health Market
ü 900 Hundred Meters to Island Directly in front of Resort.
ü Web Site Established, Entity Established
ü Local Existing Management Company Available to be purchased if required. (audited)
ü Property Act same as Australia, Law based on AU & British Law. Commonwealth County.
ü Letting Pool Payments Quarterly in Arrears, with rights to deduct Levies.
ü Resort fully repainted throughout in the last 3 months.
ü Additional Areas for Facilities or Functions available.
ü Plans develop a Diving & Sea Sports Centre also a Sea Front Restaurant. Abundant Seafood locally.
About This Property
Category
Hotels
Sold by
Owner
Address
Kuantan
Pahang
Malaysia
Pahang
Malaysia
Stories
5
Features - Amenities
- Furnished
- Appliances
- Pool
- Balcony
- Cable TV
- Ocean View
- Ocean Waterfront
- Wireless
- CTV Cameras
- Business Centre