Property Management Company for Sale in Kota Kinabalu, Malaysia
For Sale: Property-owning company principally engaged in owning and leasing commercial properties in Kota Kinabalu.
| Established | 10-20 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 135 thousand |
| Run Rate Sales | USD 120 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | Property Management |
| Locations | Kota Kinabalu |
| Local Time | 6:22 PM Asia / Kuala Lumpur |
| Listed By | Advisor / Business Broker |
| Status | Recently Active |
Full Sale
Asking Price:
USD
4.9 million
(Native Currency: MYR 20,000,000)
Reason: The shareholders intend to realise the value of their property investment through the sale of the en...
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Includes physical assets worth
USD
4.9 million
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Business Name
Not disclosed
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Business Overview
- Business profile: Established 13 years ago as a property-owning company with a portfolio of 11 commercial units, 10 in Kota Kinabalu.
- Clients: Commercial tenants occupying the units; the exact number and identities of current tenants are not disclosed.
- Revenue model: Recurring rental income and potential capital appreciation or disposal gains from its commercial properties.
- Financial highlight: Recorded revenue of approximately MYR 550,250 for the financial year ended 28 February last year.
- Promoter experience: Led by directors who have managed the company and its property acquisitions for more than 10 years.
- Business relationships: Established relationships with commercial tenants, property agents, legal advisers and RHB Bank Berhad as financier/chargee.
- Asset base: Reported non-current assets of approximately MYR 9.80 million as at 28 February last year.
- Clients: Commercial tenants occupying the units; the exact number and identities of current tenants are not disclosed.
- Revenue model: Recurring rental income and potential capital appreciation or disposal gains from its commercial properties.
- Financial highlight: Recorded revenue of approximately MYR 550,250 for the financial year ended 28 February last year.
- Promoter experience: Led by directors who have managed the company and its property acquisitions for more than 10 years.
- Business relationships: Established relationships with commercial tenants, property agents, legal advisers and RHB Bank Berhad as financier/chargee.
- Asset base: Reported non-current assets of approximately MYR 9.80 million as at 28 February last year.
Products & Services Overview
The company's principal business offering is the ownership and leasing of commercial properties.- Primary products: Owned commercial units in Kota Kinabalu.
- Main service: Rental and management of these commercial premises.
- Users: Businesses, retailers, offices and other commercial tenants.
- How they are used: As retail outlets, offices, service centres or other business premises under tenancy arrangements.
Assets Overview
Tangible assets:The company owns 11 commercial units in Kota Kinabalu: 10 units in one building spanning the ground floor to the 9th floor, and one unit on the 5th floor of another building.
Facilities Overview
The company owns 11 commercial units in Kota Kinabalu: 10 units at Sutera Avenue Block A, spanning the ground floor to the 9th floor, and one unit on the 5th floor of Aeropod Commercial Square. The total built-up area, individual tenancy periods and rental rates are not stated in the available documents; the units are leased to commercial tenants to generate recurring rental income.
Capitalization Overview
The business is presently funded through a combination of shareholders’ equity, property financing and operating/rental income.Paid-up share capital: RM200,000.
Bank financing: Five open charges in favour of RHB Bank Berhad, all created on 10 March (10 years ago) and remaining unsatisfied. The precise outstanding loan amounts are not disclosed.
Reported liabilities as of 28 February last year:
Non-current liabilities: RM4,121,055.
Current liabilities: RM8,150,516.
Total liabilities: RM12,271,571.
Accumulated losses: RM1,952,417.
Shareholders: Four shareholders, each owning 50,000 shares or 25%:
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