• 10
RM 25,500,000

KK Plaza, Kota Kinabalu


  • Built-up : 46,480 sq. ft.
  • Land area : -
    Download PDF

    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
    Land Title:
    Facing Direction:
    Unit Type:
    QuikPro No:
    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.

    Joel Low

    REN 13968

    • +60168...

    Your details

    Message to agent

    By sending, I Agree to Your/iProperty.com Malaysia Sdn Bhd’s Terms of Use and Privacy Policy including Your collection, use, disclosure, processing, storage and handling of my personal information; and to receiving direct marketing communications from You and/or Your partners.