Direct Owner Deal for Summersuites. Once in a lifetime opportunity.

Owner has 7 units on the same floor, looking to sell all at below market price. No individual units sale entertained.
All 7 units are held under ONE company, so just takeover the company via share transfer. No need 10% down etc etc.
All studio units, 6 units 493sft, 1 unit 480 sft.
All fully furnished currently rented to Airbnb operators at average RM2,200 pm. PS. Owner may run Airbnb himself but prefer cash at the moment.
Looking to sell all at RM3.5M. Slightly negotiable.
Owner open to flexible payment terms, for eg buyer pays in tranches over 12 or 24 months.
Free legal fees.

Interested? Contact owner directly : Tan 012 6368150
Buy the company and run it full time like business, get positive cash flow.

No time wasters. Thanks.

This post has been edited by meejawa: Aug 15 2018, 03:07 PM

Last time Airbnb in kl city can do lar. Now cannot do liao... market koyak. Office also over supply.. buy liao sure Mati straight straight.

This post has been edited by HELLO HELLO: Aug 15 2018, 05:04 PM

average psf is still about 1018psf. is it really under market value for such a bulk buy?

3.5mil just get return under 4.6% per annum.... not inclusive other expenses.... .

if i got that amount of cash...will save in bank...and nego with bank to get slightly higher interest ... no risk and hassle free

This post has been edited by bigman: Aug 15 2018, 05:53 PM

2.5m can nam nam kui

dun worry...wait Askar Perang to make a post...Lelong Lelong...murah murah...

No time wasters. Asking for this price? Better Just let him burn hand kao kao lat and put all in lelong. Let other buy at lelong price better.

Airbnb? See how long he can tahan.

Below 3m also need to think la...

Lelong unit:

B-28-11, Mercu Summer Suites, Jalan Cendana
866sqft
Leasehold until 2108
New reserve price 🔥🔥RM 729,000🔥🔥
Auction date: 28-Aug-2018 (Tue)

Most probably will not have any taker yet at this price.

hows the rental rate at SS? still holding strong or also dropping?

Updated. Not 1 unit but 2 units in lelong. Same owner. Side by side each other. Same size and same reserve price.

B-28-11, Mercu Summer Suites, Jalan Cendana
B-28-12, Mercu Summer Suites, Jalan Cendana

Wah..... owner burned double hand. And anymore to burn?

all the followers get burn kaw kaw

If see many investors or ‘investors’, run fast fast

i got 5% FD from HSBC @ June

they even offer 3% for saving account.

but now no more

Are you familiar with summer suites Airbnb scene?

This post for investors who want to own asset and operate the Airbnb themselves. Hence the 7 units provide economy of scale of operation

As Airbnb operation.. It definitely provide much higher ROI.... Especially in Summer Suites.

couldn’t agree more. new building + close proximity to klcc. The newer “regalia”. potential buyer should ask YB Tan if any of his property are being managed by superhost now. another selling factor

This post has been edited by sosobear: Aug 16 2018, 08:34 PM

Anyone use it for own stay here?
Mind to share the pros and cons?

this summer suites come with individual car park unit for studio? keen to get one, for own stay.