Kampung Air 5 Storey Shoplot For Sale

Urgent Sale | 35% Below Market Value | Rare Item | Facing Mainroad | High Exposure

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. RONALD LIEW REN 74041 0189851032 The Roof Realty Sdn Bhd 201501022481 (1147810-W)