Long Lease 2 Star Hotel for Sale Kuala Lumpur
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  • Long Lease 2 Star Hotel for Sale Kuala Lumpur
For Sale and Rent

Long Lease 2 Star Hotel for Sale Kuala Lumpur

Listing Number:

  • 060-13-01-003

Asking Price:

  • MYR 2,000,000

Accommodation Hotel
Kuala Lumpur Bukit Bintang Padu

Business Details

Company:

  • Yes

Current Staff:

  • 6 Full-Time Salaried

Licenses:

The following licenses are included:
  • Hotel
  • Other

Number of Guest Rooms:

  • 37

Average Monthly Electricity:

  • MYR 6,000

Average Monthly Water:

  • MYR 450

Property Details

Tenure:

  • Business Sale and Rent (Leasehold Premises). 20 Years.

Rent:

  • MYR 18,000 per month. Payable monthly in advance

Security Deposit:

  • MYR 54,000.

Connected Utilities:

  • Power
  • Water
  • Internet

Stock:

  • Stock at the time of settlement is Included in the asking price

Internet:

  • Connected at the cost of MYR 399 per month. Wifi Enabled.

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

Located in the Padu district of Kuala Lumpur, this 2 Star Hotel is set over 5 levels including a generous-sized rooftop. Over 2,000m2 of usable area is home to the hotel's 37 guest rooms (43 beds), a laundry mat, mini-mart and rooftop bar. Guest rooms are equipped with bed, desk, wardrobe and kettle. Some rooms have city views and all rooms are air-conditioned. WIFI is provided throughout the building. The hotel serves continental breakfasts daily and has a mini-mart in the ground level foyer for customers and passers-by to top up on their daily needs. The reception is open 24 hours.

The central location is very good as it close to public transport and the Kuala Lumpur CBD. Berjaya Times Square is 1.5 km's from the property. TREC KL is 1.7 km's, while AEON Taman Maluri is 1.8's km away. The nearest airport is Sultan Abdul Aziz Shah Airport, 18 km's from the hotel.

The hotel comes with hotel and mini-mart licenses, is staffed and operational. The long-term lease enables a buyer to recoup their investment and make money within a short period. The hotel is being offered for sale as the current owner is aging and would like to hand the business over to a younger person.

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