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Office Space for Sale in Johor Bahru, Malaysia

Real-estate investment company with rental income from 2 residential and 1 co-working office space.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees < 2
Legal Entity Private Limited Company
Reported Sales USD 30 thousand
Run Rate Sales USD 20 thousand
EBITDA Margin 10 %
Industries Office Space + 1 more
Locations  Johor Bahru
Local Time 10:57 PM Asia / Singapore
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.4 million (Native Currency: MYR 6,000,000)
Reason: No successor to continue the business; cash out for retirement. Have a high valuation expectation si... View More
Includes physical assets worth USD 640 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Presently, our business is involved in property investment. We rent out properties to other tenants.

- Our current portfolio includes 2 residential and 1 commercial shop office properties. We are operating a co-working space.

- The two residential properties are located in a residential area while the office property is located in the heart of the city.

- The first residential property is 1 condominium with 3 bedrooms that has been tenanted. The total area is 1,600 square feet and we receive MYR 1,400/monthly.

- The second residential property is 1 double storey end lot terrace house. The area of the property is 2,000 square feet and we receive MYR 3,000/monthly.

- The co-working space has a total area of 1,623 square feet that has been partitioned into 7 private units. Usually at least 6 out of these 7 private units are occupied. However, due to the ongoing pandemic, only 2 units are occupied currently. We receive a rental income of around MYR 1000/monthly per unit.

- Additionally, our residential tenants have requested for rental concessions temporarily due to the ongoing pandemic. Maintenance and electrical expenses are handled by the tenants for the residential property.

- We also handle the maintenance and up-keep, and take care of the electricity and lighting for the co-working space. The co-working space is fully-furnished and air-conditioned with necessary office equipment like printers and office stationery.

- We also provide a virtual office address and meeting spaces. Owner is currently based in Singapore.

Products & Services Overview

Leasing private fully furnished office rooms and co-working space. Provide virtual office address and meeting spaces.

Renting out residential condo and landed properties.

Assets Overview

We own 2 residential properties and 1 commercial co-working office space.

The 3 assets have existing bank loans.

Facilities Overview

Business is run out of the owner's residence. We also have 3 properties i. e. 1 commercial property (7 private office rooms occupying an office space of 1623 square feet, fully furnished and located on the 3rd floor at a mixed development area), and 2 residential properties. Flexible lease terms.

Recent Activity
  • Earlier than 15 days
    Business Development Manager, Jakarta, Business Broker connected with the Business
  • Earlier than 15 days
    Independent Advisor, Kuala Lumpur, Business Broker connected with the Business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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