5-Storey Shoplot @ Kampung Air, Kota Kinabalu

Urgent Sale | 35% Below Market Value | Rare Item | Facing Mainroad | High Exposure

5-Storey Shoplot @ Kampung Air, Kota Kinabalu City Centre
Super prime location · High foot traffic · Surrounded by hotels, eateries & retail

Internal Price: RM3,888,000
5-storey building (approx. 1,200 sq.ft per floor)
35% below bank valuation
Leasehold balance approx. 30+ years (extension possible)

—
Current Tenancy & Potential
Ground floor rented to massage centre – RM6,000/month
2nd–5th floors rented to Bilixewa long-term tenant – RM6,000/month
Total rental income: RM12,000/month (steady cash flow)

But the true value isn’t just the rental — it’s the opportunity
Rare full block in KK city centre
Priced one-third below market value
Ideal for SPA, Boutique Hotel, F&B, Office, or Service Business
Not listed publicly – internal sale only

—
Note
Buyer to allocate around RM150,000 for lease extension — can renew now or later (around 10 years).

Reason for Sale
Owners are elderly and no longer wish to manage the property, hence decided to sell internally.

KK City Centre + 35% Below Market = Rare Opportunity
For serious buyers who understand location value. 

Contact us today to arrange a private viewing!
Celine Teah 0*****
REN14439
The Roof Realty Sabah Sdn Bhd
www.h*****