Think of invest in shoplot... Any things need to be considered?

Money

Tenant credential

Location

This is definate..

Personally i found the location got potential...just need sometime to grow

You mean other tenant, like bank, supermarket, etc?

always try your best to get main road facing. It is easier to rent out and potentially command 50% or more rental than those non mainroad facing.

try get corner - it makes a lot difference.

If you have a big budget or good base in your investment portfolio try invest inside good shopping malls. Personally, I would prefer those by AEON group they really know how to make their shopping malls "viral". EG. Midvalley, Queens Bay. I believe you'll be able to find tenants fast if you invest in it and the price will shoot up like mad. Doing a flipping strategy is also great.

I don't know those shop inside AEON malls are for sell !! Which mall specifically, got sell those shops ?

Facing main road + corner = perfect! Just the price..

Well mostly are sold out that's but I look for their new project. Used to get one from Sitiawan AEON because it's too far to manage myself. I "flip" it and gain almost 25%. But usually to do this needs a big budget, I could get my hands on Mid valley but I know the lesson well so I got 1 in Queensbay. Turn out to be great in terms of keeping it and renting. (Traffic is high)

Mid Valley Aeon?? Minds to share more detail where exactly the shop u referring? And what is the psf?

May be u should consider this:

Pre-launch i-CITY, Shah Alam
Freehold retail space

Guarantee rental return 6% /year
10% rebate
RM 10k booking
5% sign S&P
Free SPA
DIBS
MSC status (free tax for 10 year)
Fr 900k

Call 0123688613 or PM me for more info.

A NEW PROJECT IN I-CITY, freehold
1) Direct access from federal highway(new flyover), 3 minutes drive to NKVE
2) 72 acres integrated development with regional shopping mall, office towers, cyber centre office suites, hotel, apartment, data centres & innovation centre converting i-city into an international business hub (day)& lifestyle haven nights.
3) Malaysia tourism hot spot that attracting 90,000 visitors/weeks.
4) MSC status (free 10 year tax)
5) With entertainment license to capture the huge money spending market
6) Neighbourhood with UITM & UNISEL (85,000 students)
7) Total gross development value of RM5 billion with 80% development land
8) 1.7 million sf of regional shopping mall to be completed by 2016.
9) i-City is transforming Shah Alam into an international city.
10) The total population of Shah Alam (about 657,315) & Klang about 1,231,139) by 2013 with average year growth of 8.5% (Shah Alam) 5.5% (Klang)
11) Expected 40,000 employment opportunities to be created in i-City.
12) An integrated development with support of all kind of commercial, leisure & residential activities.
13) Proposed LRT station to the new i-City mall by 2020.

To make it short and simple, it will be another exciting development just like Midvalley City with lots of exciting retails, shops, entertainment, hotels, business centre etc. Add-on with its, water theme park, city of digital lights, Snowalk, international convention centre and its latest wax museum plus many more to come, it will be like another Sunway City with its own exclusivity within the neighbourhood of Shah Alam and Klang!

Call 0123688613 or PM me for more info.

Bro , shop lot inside most of the well manage shopping mall are not for sale , almost all the shopping mall / center that shop lot own by individual are fail except sungai wang but i think sungai wang already facing some problem .

Sound great . Can sale liquor ? or operating a night club there ? Tourist entertainment center mah .

This post has been edited by skcJVN: Jun 29 2013, 12:27 PM

Sure, but then the price also different a lot from those not facing main road.

Agree, mostly are in rental basis.

Sound not bad..mind to share more?

Mind to share in detail? Eg. How to get the unit? I means who to contact, direct from Aeon or agent?

What i meant is tenant track record and financial strength. maybe you should check your potential tenant financial statement at SSM to ensure they will able to pay your rental.

This post has been edited by faReZheLmi: Jun 29 2013, 06:45 PM

Oic... Thx

That's news to me ! Which unit of Midvalley ? You talk about megamall in bangsar right ?

Or is she talking about IGB REIT ? If so, I also own some shoplots there

This post has been edited by EddyLB: Jun 29 2013, 06:50 PM

Try put it tis way. If megamall fr yesterday allowed to b owned by individual, they ll not become the megamall today. So I would b very interested to catch tis opportunity to own, not 1 but few if possible.

I suppose I own all over the world when I buy into oversea reits. Kekeke.

Walau..... If this is really wat she meant then is another chick&duck talk like tat icexxxxxx woh...... Or is it the same person???

Boss, sure u interested if its into individual ownership? Like u say, it will not become the megamall today if into individual ownership oh.......
Management is sooooooooo important operating a mall..... A poor management can't lead a mall into success (location is not key, look at Avenue K today after sooooo many yrs), what's more if its individual ownership how to manage? And they are at the risk of sabotage, eg. other mall operator may jus bought a few unit and leave it empty.

This post has been edited by AppreciativeMan: Jun 30 2013, 11:50 AM

Ha ha , u sabotage me n I sabotage u n this to explain why soo many shopping mall/ center which own by individual around KV was empty n fail ? Win Win situation .. Ha

This post has been edited by skcJVN: Jun 30 2013, 11:55 AM

Who win-win??
More mall failed due to weak management..... A strong leasing team is so critical....

This post has been edited by AppreciativeMan: Jun 30 2013, 12:12 PM

U sabotage me - u win . I sabotage u - I win , that's call sabotage win win situation . Haha.......

Timing is important ma. Eg refer to time square. Its individual strata.

If mv sell and u and me r the 1st 2 to get it, wat v need is an exit plan eg sell it when everyone rushing to own 1. Maybe dispose within a yr and earn if god allows. But nvr keep tis type of props for too long. Even sg wang n times square r facing prob now.

Joking ma. Take ir easy. Kekeke

Times Sq was struggling ever since they completed.... It got better not long ago partly taking advantage over the too high rental of Sungei Wang.... Thus again, was it a failure due to individual strata title again?
Initially when in construction, I thought Times Sq suppose to be a high end mall like in HK.....
Frankly, there is mix opinion towards MV success initially they built a mall trapped in between few highway/major road..... I hav to admit, I was one who thinks tat it can't make it..... so even if its for sale from the dev, I doubt I will invest in it.....
MV, their success comes from the creative management and leasing team......

This post has been edited by AppreciativeMan: Jun 30 2013, 03:32 PM

what do u want to know about??

Most important thing --> Price

Each unit is unique and has different layout and size.
Size from 323sf to 678sf.

Price (after rebate) starts from 800k to 1.7m (about 2000 -2700 psf)

You are welcome to visit our showroom. Do let me know if u r coming over.

Hmm...bit beyond my budget

hi shop lot property owners,

Can share some experience of you renting out your shop lot (Rental collection, maintenance etc) ?

Anyone has invested in leasehold commercial shoplot 3 storey?

can kindly please share your experience?

Because I am currently hesitating whether to proceed with purchase of a leasehold commercial shoplot 3 storey (individual title).

I have concern on the leasehold remaining of 85 years only. But it is at a good strategic location.

Good thing is it is individual title, not strata title. I can easily instruct lawyer to do application for lease renewal for own lot, not need to wait for all strata title owners. Just need to pay premium with own fund only.

Hope any sifu or taikor with experience in commercial property can share your valuable opinion for learning purposes.

Regards.

This post has been edited by MAC5: Jun 28 2024, 12:00 PM

85 years, long way to go.

For 3 storey, normally top floor is hard to get tenant.

Thank you Sir for your advice.

Yes correct, no lift, only have staircase. Top floor difficult to rent out.

This post has been edited by MAC5: Jun 28 2024, 02:23 PM

where is the shop located ?

How long

3rd floor rent cheap cheap

my case, ground flor RM2.8K, 1st flr, RM1K, 3rd floor 600 lo

Is there any challenges on maintenance ?

Nice

no lift one, no maintenance fee

Anyone looking for 2 & 3 Storey shoplot (individual title - No maintenance fee) beside HYPERMARKET ?

Can let me know ya...

ROI 6%

has anyone done renewal of lease previously?

how is the process and how they calculate premium?

Commercial Land in Selangor

3/4 x 1/100 x value of the land x term of new lease minus balance of existing lease.

As an example for a commercial land with 35,000 sf in land area with a remaining lease of 30 years valued at RM150 per sf.

3/4 x 1/100 x 5.25 million x 69 years = RM2,716,875 (premium payable)

For industrial land in Selangor, formula is same as commercial land.

Someone told the above to me.

Buy only if the rental yield is above 8% pa. Otherwise, take your money and invest elsewhere. There are plenty of investment alternatives. Unless you want to buy a commercial shoplot for your own business, then that one is an important consideration.

Thank you for your opinion.

i have come with tenated retail lot and shoplot, interested can find me ya all unit up to ROI 7%

7% is which location ?

It is not unknown for vendor to team with tenant to present exceptionally high rental to entice buyers. After transacted, tenant will terminate tenancy agreement.


This post has been edited by icemanfx: Jul 18 2024, 07:39 AM

Use it as worker's dorm. There should be businesses located nearby that are willing to pay for it. Works well all the time

location at Putrajaya, is Developer giving ROI 7%

that is consider Scam bro

Anyone has renewed your lease for leasehold shoplot?

how they calculate your premium payable? Selangor state.

some think it is based on value of the land itself as if it is a vacant land. some think it is based on market value of the building itself.

In other words, lease renewal premium is based on value of vacant land or based on value of vacant land plus building on it?

This post has been edited by MAC5: Jul 22 2024, 09:40 AM