TAMAN TASIK SEMENYIH - TETRIS 137 Apartments

RM 21,000,000

Mortgage : RM 0 / mth

Taman Tasik Semenyih, Semenyih, Selangor
Commercial Land Studio 1 Bbuiltup- sqft (built up)land12,194 sqm (land)builtupRM - (built up)landRM 1,722/sqm (land)

Details

Property Type
Commercial Land
Tenure
Leasehold
Furnishing
Fully Furnished
Listing Type
For sale
Listing ID
LIDM1244633
Land Area
12,194 sqm
Land area/sqm
RM 1,722/sqm

Description

TAMAN TASIK SEMENYIH - 137  TETRIS  APARTMENTS.
** En Bloc Sale, Fully Furnished Studio & Duplex Apartment (Semenyih, Selangor)
===============================================================

BTS TwinTrees Sdn Bhd, developer for Tetris Apartments are reaching out in line with an investment opportunity



The company is offering an En Bloc Sale of 137 units of purpose built fully furnished student apartments in Semenyih, Selangor



Tetris Apartments was created for off campus accommodation for Malaysia’s Nottingham University students and staff. The development includes both Furnished Studio and Duplex units spread across three blocks.



In line with rapid developments surrounding the area, and most notably a proposed private hospital on a plot of commercial land owned by our company (just a mere 150m from Tetris Apartments); we thought it would be positive to reach out in line with the above



To provide you with a summary of the investment, kindly find listed some key facts and investment points regarding Tetris Apartments for your reference:





1.    The development sits on a prime leasehold commercial land (Lot 29148) measuring 12,194 sq m (3.013 acres) in Taman Tasik Semenyih, adjacent to a 20 acre lake garden and strategically located in close proximity to the University of Nottingham Malaysia Campus. The lease expires on 5th November 2094



2.    The development consists of three blocks of four storey purpose built apartments to accommodate the students and staffs of University of Nottingham Malaysia Campus. It comprises 137 units of furnished studio and duplex units spread across three blocks spanning from 205 sq ft to 721 sq ft; with a total built up area of 3,825 sq m (41,172 sq ft)



3.    Tetris Apartments is now operating at an occupancy rate of 100% (FY 2018) with an annual gross revenue of RM930,000, which provides a gross yield of 4.5% per annum



4.    We are offering to sell this very well maintained development at RM21 million. The offer price is about 20% below its replacement value of RM26 million



5.    There is a proposed private hospital project on another commercial land (just a mere 150m from Tetris Apartments) owned by us, which the buyer has paid a 10% deposit to purchase the land. They are purchasing this 2.66 acre leasehold commercial land for the hospital at RM105 psf



In regards to location, Tetris Apartments is strategically located adjacent to:



a)    Diamond City ; a 258 acre joint development by Country Gardens and Mayland



b)    Eco Forest ; a 515 acre development by EcoWorld



c)    Mutiara [email protected] ;  a 1,400 acre development next to the University of Nottingham Malaysia Campus by Bousted Group



d)    Setia Mayuri and Baris Place (Commercial) by SP Setia




TETRIS APARTMENTS - 137 units of student accommodation

• Tetris Apartment is strategically adjacent to :
a) a 20 acre lake garden
b) University of Nottingham Malaysia Campus
c) Diamond City, a 258-acre joint development by Country Gardens and Mayland with Phase 2 completed in 2019
d) 515-acre Eco Forest development by EcoWorld
e) 1,400 acres Mutiara Hills @ Semenyih next to University Of Nottingham Malaysia by Boustead Group
f) commercial development by SP Setia

• There is also the RM1.55 billion East Klang Valley Expressway (EKVE) completed in 2019 which will make accessibility to Ampang very convenient.

• In the medium term, due to the rapid development in the area, this strategically located prime leasehold commercial land has great potential for
redevelopment due to the very rapid developments surrounding the area as mentioned above. With 2.5% net rental yield vs 3.5% fixed deposit rate, the opportunity
holding cost is only 1% per annum for the opportunity to own a property which is fundamentally worth much more based on the above assessment and with great
potential for capital appreciation and redevelopment.


ASKING   PRICE: MYR26 Million
SELLING PRICE:  MYR21 Million ( Selling Below Market Price )
PLEASE CALL / SMS / WHATSAPP FOR VIEWING: Tony ( +6 011-5646-8129 )

Location

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