• 10
RM 25,500,000

KK Plaza, Kota Kinabalu

Sabah

  • Built-up : 46,480 sq. ft.
  • Land area : -
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    KK Plaza, Kota Kinabalu

    KK Plaza Commercial Lot For Sale
    
    4,318.16 sqm / 46,480.24 sq ft total built up
    
    Consist of just 1 lot known as Lot B1, Basement Floor, KK Plaza
    
    Leasehold of 99 years. Expiring on 31 December 2081 (63 years unexpired lease)
    
    Currently rented out to Servay Hypermarket for 9 years starting from 1st January 2017 till 31st December 2025 with option to renew at a fixed rental every 3 years.
    
    Service Charge at RM 24,253/month
    
    DBKK Quit Rent per year at RM 64,805.40/year
    
    Jabatan Tanah dan Ukur Quit Rent per year at RM 33,358.20/year
    
    Market valuation report done on 3 August 2016 at RM 33,500,000 and Force Sale at RM 27,000,000 (23% below Market Value) 
    
    Current Rental 1st January 2017 – 31st December 2019 RM 135,509.96/6.5% Yield
    
    2nd Renewal 1st January 2020 – 31st December 2022 RM 149,060.96/ 7.15 % Yield
    
    3rd Renewal 1st January 2023 – 31st December 2025 RM 163,967.06 / 7.87 % Yield
    
    After purchasing need to honor the tenancy to rent back to Servay.
    
    0% GST
    
    Asking at RM 537.86 psf
    
    Call for more info/viewing
    
    Joel Low
    016 8312381
    REN 13968
    IQI Realty Sdn Bhd

    Property Features

    Property Type:
    Retail Space
    Occupancy:
    Tenanted
    Land Title:
    Commercial
    Facing Direction:
    -
    Tenure:
    Leasehold
    Unit Type:
    EndLot
    Furnishing:
    -
    QuikPro No:
    UP6330716
    Asking Price per sq. ft.:
    RM 537.86
    Posted Date:
    05 Nov 2018

    Transacted Prices

    Discover how much people paid for this property in the past based on data from the Valuation and Property Services department (JPPH) of Malaysia.
    View

    Joel Low

    REN 13968

    • +60168...
    Winner of Agents Advertising Awards 2018
    Winner of Agents Advertising Awards 2018
    Category:
    • Agency of the Year - Titanium
    • Star Real Estate Agency - Central Region
    • Star Real Estate Agency - Northern Region
    • Best Project Marketing Agency
    • Best Real Estate Agency Culture

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