QUOTE(infiniti123 @ Oct 1 2019, 11:46 AM)
Good morning all, i have a piece of land just beside the toll and beside petronas and petron. Past few months Macdonald recently showed interest in renting the area.
Not sure if anybody has the same experience but what rental am i looking at and the Rental tenure?
i was offered (rough estimation):
12k per month, increment of 7-20% every 3 years
Rental for 30 Years.
i'm kinda skeptical as the 30 years period is the downside for me. By then i'm already 55 years old, who knows maybe i got some plans to develop it.
Recently beside petronas just opened a starbucks, hence mcD became more aggressive and want to up their offer.
Good Morning, Sir/Mdm,Not sure if anybody has the same experience but what rental am i looking at and the Rental tenure?
i was offered (rough estimation):
12k per month, increment of 7-20% every 3 years
Rental for 30 Years.
i'm kinda skeptical as the 30 years period is the downside for me. By then i'm already 55 years old, who knows maybe i got some plans to develop it.
Recently beside petronas just opened a starbucks, hence mcD became more aggressive and want to up their offer.
Firstly, congratulation on being an owner of a piece of land (First liner prime land).
Being trained in Architectural, Civil & Structural and being a consultant in the Property Development from Concept Design to construction till completion plus property management and maintenance industry/environment for more than 40 years from Malaysia, Singapore till London at least give me the confidences to provide you a feasible and more productive proposal for your very valuable piece of land. I am of the opinion that you are throwing away your opportunity to make a good and above average income for life to somebody else instead of making full use of it. So consider the possible return on this land and not wasted your chance of a lifetime. Herewith, is my few professional view cum advices in point form as follows:
a) This is a prime land, meaning it is a FIRST LINER (Facing the main road having high exposure plus at least
reasonable/high traffic. Translate to be concluded as highly feasible for development with lucrative ROI.
b) RM12k is nothing to shout about when loads of merely 1,400 sqft shop lots easily commands more monthly
rental return, just imagine RM40,000 to RM50,000 monthly rental for a tiny 100 sq ft food stall at KLCC food
court Imagine the potential return upon developing the land.
c) Study the possible concept cum type of possible development and guesstimate the possible long term return
upon completion of the development in a few short years time. Develope it yourself if you are financially
able or JV with a honest relative, friend and/or experienced person/company. You can achieve possibly ten time
more monthly return compared to the offer of 30 years lease from a broker profiting from your land,
d) MC Donald and others similar companies surely did a feasibility study before investing in a project, inview of
these due diligence performed, this is a reasonably safe and good ROI development.
e) Conduct a preliminary conceptual layout design in compliance to relevant local authorities
By-Laws and look at the possibly ROI cum bigger monthly income will be your wake up call.
f) Forget about this non feasible 30 years lease offer, and starts planning for the development for more hugely
profitable life long returns.
g) I have a never ending dream of developing a piece of land but never the finance capability to purchase a piece
of prime land to develop, and you are thinking of throwing away this readily available precious opportunity.
h) My personal conclusion, advice and professional view is to forget the 30 years long lease offer and go for
development
Good Day, Good Health, Good Luck and most importantly, make a Good Decision
ck
Oct 8 2019, 10:01 AM

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