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Holiday Villa Alor Setar
The property is located within the Central Business District of Alor Setar wherein several government and commercial buildings are located amongst others are Majlis Bandaraya Alor Setar building, Bangunan KWSP, Bangunan Bank Simpanan Nasional, Menara Sentosa and University Tun Abdul Razak building.
Alor Setar is the capital city of Kedah State and one of the region’s oldest cities. It is a distribution center for manufacturing and agriculture products such as paddy, and the royal seat of the Kedah state since the establishment of this city. |
| Property |
Holiday Villa Alor Setar |
Address
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Lot 162 & 163, Jalan Tunku Ibrahim, 05000 Alor Setar, Kedah Darul Aman |
| Type |
Hotel |
| Tenure |
Freehold for Geran 7040 and leasehold for 99 years for HS(D) 1100/85 |
| Age of Building |
Approximately 14 years |
| Gross Floor Area |
150,000 square feet |
| Cost of Acquisition |
RM31,000,000 |
| Date of Acquisition |
26th February 2007 |
| Appraised Value |
RM34,000,000 as at November 2008 |
| Net rental (per month) |
RM180,833.33* |
| Existing use |
Used as a hotel under the brand name of Hotel Holiday Villa. |
| *For the period 23rd June 2009 – 22nd June 2013 |
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Holiday Villa Langkawi
The property is located along one of the most popular beach stretches in Langkawi where the locality is known as Pantai Tengah. Along the same stretch are some other good hotel resorts which include Langlawi Beach resort, Aseania Seaview Resort, Sunset Beach Resort, Moonlight Bay Resort, Tanjung Mali Beach Resort and Pelangi Beach Resort, to name a few. Langkawi International Airport is located 6 kilometres to north of the property.
Langkawi Island is one of the premier tourist destinations in Malaysia due to its status as a duty free zone apart from the wonderful beaches and historical sites it offers to tourist. Due to the heavy duty arrivals and international events held, Langkawi Airport has been upgraded to an international airport. |
| Property |
Holiday Villa Langkawi |
Address
|
Lot 1698, Pantai Tengah, Mukim Kedawang, 07000 Langkawi, Kedah Darul Aman |
| Type |
Resort Hotel |
| Tenure |
Freehold |
| Age of Building |
Approximately 16 years |
| Gross Floor Area |
183,190 square feet |
| Cost of Acquisition |
RM55,000,000 |
| Date of Acquisition |
26th February 2007 |
| Appraised Value |
RM58,310,000 as at November 2008 |
| Net rental (per month) |
RM320,833.33* |
| Existing use |
Used as a hotel under the brand name of Hotel Holiday Villa |
| *For the period 13th July 2009 – 12th July 2013 |
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Orchestrating the future of your investments
Amanah Raya Real Estate Investment Trust Annual Report 2008. [
