| Holiday Villa Alor Setar |
| |
| Address |
: |
Lot 162 & 163, Jalan Tunku Ibrahim, 05000 Alor Setar, Kedah Darul Aman |
| Location |
: |
The property is located within the Central
Business District of Alor Setar where several
government and commercial buildings are
located, including Majlis Bandaraya Alor
Setar, Bangunan KWSP, Bangunan Simpanan
Nasional, Menara Sentosa and Universiti Tun
Abdul Razak.
Alor Setar is the capital city of Kedah and one
of the region's oldest cities. It is a distribution
center for manufacturing and agricultural
products such as rice. Alor Setar is also the
royal town of the Kedah State.
|
| Title details |
: |
Held under Master Title H.S. (D) 21920, PT 6282, H.S. (D) 21921, P.T. 6283, H.S. (D) 21922, P.T. 6284, all in Town of Alor Setar, District of Kota Setar, State of Kedah Darul Aman |
| Property type |
: |
Hotel |
| Description |
: |
A 21-storey 4-star hotel with 156-rooms with sub-basement level within a development also known as City Plaza |
| Age of Property |
: |
Approximately 19 years |
| Tenure of Master Title |
: |
Leasehold for 99 years |
| Unexpired lease period |
: |
Approximately 93 years |
| Lease period |
: |
10 years commencing from June 2006 |
| Gross Floor Area |
: |
150,000 sq.ft |
| Net lettable area |
: |
Not applicable |
| Existing use |
: |
A hotel under the brand name of Hotel Holiday Villa |
| Date of acquisition |
: |
26th February 2007 |
| Cost of acquisition |
: |
RM31,000,000.00 |
| Valuation as at July 2014 |
: |
RM35,900,000.00 |
| Valuer |
: |
Hakimi & Associate Sdn Bhd |
| Net Book Value |
: |
RM35,900,000.00 |
| Master Lessee |
: |
Alor Setar Holiday Villa Sdn Bhd |
| Occupancy rates |
: |
100% |
| Net rental (per month) |
: |
RM188,583.33 |
| Property Manager |
: |
Malik & Kamaruzaman Property Management Sdn Bhd |
|
| Holiday Villa Langkawi |
| |
| Address |
: |
Lot 1698, Pantai Tengah, Mukim Kedawang, 07000 Langkawi, Kedah Darul Aman |
| Location |
: |
The property is located along one of the most popular beach known as Pantai Tengah. Along the same stretch are other notable hotel resorts including Langkawi Beach Resort, Sunset Beach Resort, Moonlight Bay Resort, Tanjung Mali Beach Resort and Pelangi Beach Resort. Langkawi International Airport is located at about 6 km to the north of the property.
Langkawi Island is one of the premier tourist destinations in Malaysia mainly due to its duty free zone status, beautiful beaches and historical sites.
|
| Title details |
: |
H.S. (M) 286, P.T. 344, Mukim of Kedawang, H.S. (M) 667, P.T. 107, Town of Padang Mat Sirat, all in District of Langkawi, Kedah Darul Aman |
| Property type |
: |
Resort Hotel |
| Description |
: |
A purpose-built 4-star resort hotel with 238-rooms and swimming pool and spa facilities |
| Age of property |
: |
Approximately 23 years |
| Tenure |
: |
Freehold |
| Unexpired lease period |
: |
Not Applicable |
| Lease period |
: |
10 years commencing from July 2006 |
| Total Land Area |
: |
427,676 sq.ft. |
| Gross Floor Area |
: |
176,590 sq.ft |
| Net lettable area |
: |
Not Applicable |
| Existing use |
: |
A resort hotel under the brand name of Hotel Holiday Villa |
| Parking spaces |
: |
55 parking bays |
| Date of acquisition |
: |
26th February 2007 |
| Cost of acquisition |
: |
RM55,000,000.00 |
| Valuation as at November 2014 |
: |
RM78,540,000.00 |
| Valuer |
: |
Hakimi & Associate Sdn Bhd |
| Net Book Value |
: |
RM78,540,000.00 |
| Master Lessee |
: |
Langkawi Holiday Villa Sdn Bhd |
| Occupancy rates |
: |
100% |
| Net rental (per month) |
: |
RM334,583.33 |
| Property Manager |
: |
Malik & Kamaruzaman Property Management Sdn Bhd |
|
Corporate Governance
