
Address | Lot 1698, Pantai Tengah, Mukim Kedawang, 07000 Langkawi, Kedah Darul Aman |
Location | The property is located along one of the most popular beach known as Pantai Tengah. Along the same stretch are other notable hotel resorts including Langkawi Beach Resort, Sunset Beach Resort, Moonlight Bay Resort, Tanjung Mali Beach Resort and Pelangi Beach Resort. Langkawi International Airport is located at about 6 km to the north of the property.
Langkawi Island is one of the premier tourist destinations in Malaysia mainly due to its duty free zone status, beautiful beaches and historical sites. |
Title details | H.S. (M) 286, P.T. 344, Mukim of Kedawang, H.S. (M) 667, P.T. 107, Town of Padang Mat Sirat, all in District of Langkawi, Kedah Darul Aman |
Property type | Resort Hotel |
Description | A purpose-built 4-star resort hotel with 238-rooms and swimming pool and spa facilities |
Age of property | Approximately 30 years |
Tenure | Freehold |
Lease period | 5+5 years commencing from July 2016 |
Total Land Area | 427,672 sq.ft. |
Gross Floor Area | 183,190 sq.ft |
Net lettable area | Not Applicable |
Existing use | A hotel under the brand name of Hotel Holiday Villa |
Parking spaces | 55 parking bays |
Date of acquisition | 26th February 2007 |
Cost of acquisition | RM55,000,000 |
Valuation as at December 2021 | RM100,000,000 |
Valuer | Rahim & Co International Sdn Bhd |
Master Lessee | Langkawi Holiday Villa Sdn Bhd |
Occupancy rates | 100% |
Net rental (per month) | RM334,441 |
Property Manager | Hartamas Asset Management Sdn Bhd |