Kampung Air 5 Storey Shoplot | 35% Below Market Value

Urgent Sale | 35% Below Market Value | Rare Item | Facing Mainroad | High Exposure 🏢 5-Storey Shoplot @ Kampung Air, Kota Kinabalu City

Urgent Sale | 35% Below Market Value | Rare Item | Facing Mainroad | High Exposure 🏢 5-Storey Shoplot @ Kampung Air, Kota Kinabalu City Centre 📍 Super prime location · High foot traffic · Surrounded by hotels, eateries & retail 💰 Internal Price: RM3,888,000 🏬 5-storey building (approx. 1,200 sq.ft per floor) 📉 35% below bank valuation ⏳ Leasehold balance approx. 30+ years (extension possible) — ✨ Current Tenancy & Potential 🔹 Ground floor rented to massage centre – RM6,000/month 🔹 2nd–5th floors rented to Bilixewa long-term tenant – RM6,000/month 💵 Total rental income: RM12,000/month (steady cash flow) But the true value isn’t just the rental — it’s the opportunity👇 ✅ Rare full block in KK city centre ✅ Priced one-third below market value ✅ Ideal for SPA, Boutique Hotel, F&B, Office, or Service Business ✅ Not listed publicly – internal sale only — 💡 Note Buyer to allocate around RM150,000 for lease extension — can renew now or later (around 10 years). 👤 Reason for Sale Owners are elderly and no longer wish to manage the property, hence decided to sell internally. 📌 KK City Centre + 35% Below Market = Rare Opportunity For serious buyers who understand location value. 🔒 Alan Tiong 016-8184487