Strategic Land Plot for Building 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 minutes by motorbike to UMN Campus). REASON FOR SALE: Owner plans to move to Bali soon, boarding house project canceled. Architectural working drawings and cost estimates available. Total of 106 bedrooms with 106 ensuite bathrooms + 2 staff rooms (external bathrooms). POTENTIAL NET INCOME: 218.5 million/month or 2.622 billion/year. Located on Jalan Cibogo Wetan, Kelapa Dua, Tangerang. LAND SPECIFICATIONS: - SHM (Freehold Title) - PBG / IMB (Building Permit for Boarding House) - Land Area: 491m2 (13 x 37) - Planned Construction: 13 x 28 x 5 floors - Planned Rooms: 106 bedrooms with 106 ensuite bathrooms + 2 staff rooms with 2 external bathrooms - South-facing - Wide 2-car accessible road. HIGHLY STRATEGIC LOCATION, POTENTIAL MARKET WITHIN 5-15 MINUTES RADIUS: - 8 minutes by motorbike 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 charge 2-3 million/room (TOTAL 220 rooms), occupancy consistently 90%-100%. LAND PRICE: 11 million/m2 (negotiable) or TOTAL PRICE: 5.4 billion (negotiable) Contact: 08197889xxx / 083878531xxx.