Land Plot for Building a 106-Room Boarding House Behind SMS Mall

Specification

Description

FOR SALE: Land at 11 million/m2 for Building a Boarding House with Potential ROI of 14-16% per Year on Jalan CIBOGO WETAN, Behind SMS Mall. (5-7 minute walk (400-500m) to SMS Mall, 8-minute motorbike ride to UMN Campus). REASON FOR SALE: Immediate relocation to Bali, boarding house construction plans canceled. Architectural plans and cost estimates available—total of 106 bedrooms with 106 en-suite bathrooms + 2 staff rooms (external bathrooms). POTENTIAL NET INCOME: 218.5 million/month or 2.622 billion/year. Location: Jalan Cibogo Wetan, Kelapa Dua, Tangerang. LAND SPECIFICATIONS FOR SALE: - Freehold Title (SHM) - Building Permit (PBG/IMB) for Boarding House - Land Area: 491m2 (13x37) - Planned Construction: 13x28x5 floors - Planned Rooms: 106 bedrooms with 106 en-suite bathrooms + 2 staff rooms with 2 external bathrooms - South-facing - Wide two-car access road PRIME STRATEGIC LOCATION, MARKET POTENTIAL within 5-15 minute radius: - 8-minute motorbike ride to UMN Campus - Malls: SMS Mall (9-minute walk) - Offices: M-Town Office Tower, South78, Maggiore Business Loft & hundreds of other office buildings - Hospitals: St. Carolus Hospital, Mitra Keluarga Hospital, Bethsaida Hospital, Omni Hospital - Universities: UMN, Matana University, Pradita University - Hotels: Atria Hotel, Episode, JHL, Ibis, Vivere, etc. - Entertainment: Black Owl, Helen’s (Holywings), 80Proof Ultra, Gading Raya Padang Golf. POTENTIAL BOARDING HOUSE ROOM RATES: - 100 rooms x 2.25 million = 238.5 million - 20 million OPR = 218.5 million/month* - Other boarding houses within 200m radius priced at 2-3 million/month, TOTAL 220 rooms, 90%-100% occupancy rate. Land Price: 11 million/m2 negotiable or Total Price: 5.4 billion negotiable Contact: 08197889xxx / 083878531xxx.