| Website |
: |
https://www.tanjongjararesort.com
|
| Address/Location |
: |
Batu 8, Off Jalan Dungun, 23000 Dungun, Terengganu Darul Iman, Malaysia. |
| Property description |
: |
Small luxury boutique resort with 101 rooms. |
| Property type |
: |
Resort |
| Age |
: |
Approximately 29 years |
| Title details |
: |
HSD 1473 for Lot No. PT 18624, Mukim of Kuala Dungun, District of Dungun, State of Terengganu Darul Iman. |
| Encumbrances/Limitation in title/ interest |
: |
The property is free from encumbrances and there is restriction attached to the title. |
| Status of holdings |
: |
60-year leasehold expiring on 4 December 2067. The unexpired lease period is approximately 43 years. |
| Existing use |
: |
Commercial building |
| Parking spaces |
: |
Nil |
| Lessee |
: |
Tanjong Jara Beach Hotel Sdn. Bhd. |
| Lease term |
: |
The property is leased for a term expiring on 14 November 2026. |
| Date of acquisition |
: |
15 November 2011 |
| Cost of acquisition (including incidentals) |
: |
RM88,050,000 |
| Fair value adjustments for the financial year |
: |
RM770,000 |
| Market value |
: |
RM108,000,000 |
| Date of latest valuation |
: |
31 May 2024 |
| Independent valuer |
: |
Azmi & Co Sdn Bhd |
| Net book value |
: |
RM108,000,000 |
