These assets belong to this business and it consists of 3 studio hotel rooms + a shop lot + 6 car parks in an up market condominium in Puchong.
The listed price included ownership of all these properties.
The current business concept is as follows:
• All rooms are rented on a long term basis
• The shop lot is rented on a long term basis
• One of the car park is rented on a long term basis
Total revenue for year ending December 2017 totaled RM33,000
Total expenses (maintenance + assessment + insu) totaled RM3,100
Net Income RM29,000 or is about 6%
New owner can change this business model to generate more revenue.
• Convert all rooms to short term rental like daily homestay, guest house etc.
• Use the shop lot as a mini self-service laundrette cum vending machine outlets
• Continue to rent out the car park (1 or 2)
Please note that these 4 units are commercial properties with no restriction to do businesses.
All these units also had separate strata titles issued. Having strata title it is easy to get bank loan.
- All the studio rooms are tastefully renovated and furnished with queen bedroom set, aircon, water heater, curtains, and fan.
- The shop lot is renovated with plaster ceiling, vertical blinds and floor tiles. A unit of aircon is also installed.
The condominium facilities include a swimming and wading pool, playground, gymnasium, 24/7 security, multipurpose court and more.