Summary: Retail Space SATOK RM500k
Asking Price (RM): 500,000
Size (Square Feet): 550
Bedrooms: 0
Bathrooms/Toilets: 0
Car Parks: 0
Lift or Elevator: With Lift
Swimming Pool: No Swimming Pool
Exercise & Gym Facility: No Gym
Security Level: No Security
Facing: North/South
Situated on the 1st floor above Maybank Wisma Satok, this retail unit is for SALE.
Size = 51.1 sqm (550 sqf) Asking Price = RM9XX psf (RM5XX,000)
Current rental is RM3,000 per month, hence the yearly rental return is RM36,000. Using YP and i=6% (EPF rate of return), the value can be calculated as:
RM36,000 / 0.06 = RM600,000.
Hence, the asking price of RM5XX,000 is below the potential value of this retail lot – making it an attractive investment.
Interested, please call Thomas Sim, PEA2066 of H. Simon Real Estate E(3)1176 at 012 – 8866 090.
Sarawak
Thomas
0128866090
simyansun@gmail.com
“The situation for Star workers in terms of this current financial crisis dates back to September of last year, but for many Star workers, they’ve been dealing with Star’s uncertainty for two to three years.” The potential collapse of the company puts the jobs of about 9,000 workers across its
three casinos on the line. The casino group could be broken up in the process, as administrators
would search for buyers for individual assets, if the company can’t be rescued as a whole.
The company, which operates casinos in Brisbane,
the Gold Coast and Sydney, confirmed on Monday morning that it would not be able to
lodge its accounts until it secured a funding package. The future
of Star Entertainment and its thousands of workers remains uncertain as the company’s efforts
to secure a financial lifeline go down to the wire.
Star Entertainment failed to deliver its financial results to the market on Friday.
There’s plenty of casino action available at the Star, as well as great dining, luxury accommodations, and engaging entertainment.
“The latest news once again increases uncertainty for members. We’re seeking further information from the company about this announcement,” he said.
“For Star, the Queen’s Wharf sale is a strategic retreat from what has become a financial quagmire, with development costs blowing out by more than $1 billion,”
he said. The deal will see Star give up its 50 per cent
stake in the Queen’s Wharf casino complex.
The deal would see Star give up assets, including its 50 per cent stake in the $3.6 billion Queen’s Wharf casino complex,
and the Treasury car park and hotel. Brisbane’s resort and casino precinct Queen’s Wharf has
faced financial woes. He said he would not like to see the company go
into liquidation “for the people’s sake”. Bruce Mathieson, who operates poker machine and pub empire Australian Liquor and
Hospitality with Woolworths, holds about a 10 per cent share in Star and has been interested in buying the Gold Coast casino.
Earlier this month Star confirmed its partners in the Queen’s Wharf
facility — Chow Tai Fook Enterprises (CTF) and Far East Consortium (FEC)
— have offered to buy out its share.
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