Merang Beach Hotel , Merang , Setiu
  • 38
Sale RM 15,000,000

Merang Beach Hotel , Merang , Setiu

Kg Merang, Merang , 21300, Terengganu

  • Built-up : 100,000 sq. ft.
  • Land area : 36
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    Merang Beach Hotel , Merang , Setiu

    Merang Beach Hotel For Sale
    
    3 Star Beach Hotel cum Training Camp For Sale. 
    
    - Located in Merang, Setiu, Terengganu. About 30 minutes from Kuala Terengganu airport and 40 min from kuala Terengganu town centre. 
    - sited along the beach facing Pulau Redang, near the Sutra Beach Resort. 
    - The 36 acres land is held under a leasehold title expiring in 2057. It is a non bumi lot. Land tenure can be extended by paying a premium to the State Gvt when its lease is already short . 
    - built therein is a double storey 3 star 70- room hotel complete with necessary facilities including swimming pools, restaurant and meeting halls buildings, landscapes, an office building, etc. The buildings are about 15 years old and fairly well maintained. The hotel has ceased operations since April 2020. 
    - also built within the land is a training camp with buildings and facilities used for the National Service training programme some time ago. The buildings are still in good conditions and are not used for the last two years. 
    - the property as a whole is well kept and looked after. With a little improvements it will be ready for business. 
    - it is rare to have such a large lot of land by the beach and in a clean neighbourhood away from the villages. There is plenty of vacant spaces in the land for further development if required. 
    
    Interested parties please contact :-
    C C KHOR REAL ESTATE AGENCY. E(3)0310. 
    
    Mr C C Khor. 
    Tel : 019 9835 934
    Off : 09 6224 625.
    

    Property Details

    Property Type:
    Hotel/Resort
    Land Title:
    Commercial
    Property Title Type:
    Individual
    Tenure:
    Leasehold
    Built-up Size:
    100,000 sq. ft.
    Built-up Price:
    RM 150 per sq. ft.
    Land Area Size:
    36 acres
    Land Area Price:
    RM 416666.67 per acre
    Occupancy:
    Vacant
    Reference No.:
    101225250
    Posted Date:
    22 Mar 2021

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