Commercial Land for sale in Segambut

 

COMMERCIAL LAND DETAILS

Category:
Land
Sub-category:
Commercial Land
Ad type:
For Sale
Land size:
8 acres
Property type:
Freehold
Region:
Kuala Lumpur
City:
Segambut
Area/Kawasan:
Segambut

COMMERCIAL LAND DESCRIPTION

7. 92 Acres Mix-Development Land, Jalan Segambut, Kuala Lumpur

- Proposal : Mix-Development Land for Joint Venture in Jalan Segambut, KL

(1) Land size : 7. 92ac (after set-back, etc) of Jalan Kuching/Jalan Segambut, KL (Land status : Agriculture freehold and free of encumbrances)

(2) Joint Venture : 75:25 Percentage of GDV (25% to Land Owners)

(3) Land Owner will accept the payment in kind of the 20% (all the bumi Lot) and 5% in cash.

(4) Land owner agrees to vacate the land within 6 months and all at their own cost. Power of Attorney will be given upon JVA signed and the developer can immediately submit for DO and the building plans while waiting for the land be fully vacated. Land Owner can assist in the D. O. application & plot ratio if needed.

(5) The land owner request RM10 million upon signing the JVA and require it to be parked with the land owner’s solicitor or joint account between the two solicitors. It will only be released after completion of evacuation of existing current residences on the land. This RM10 million will be deducted from the GDV of land owner portion/entitlement.
Plot ratio currently is 1: 4 . Vender side will assist the developer to get higher

(6) plot ratio or density with DBKL for this development subject to agreeable charges.

(7) Land can be charged for the development purpose of the Joint Venture after the evacuation of current tenants and disbursement of RM10 million.

- Land size: approx. 7. 92 acres

- Negeri : Wilayah Persekutuan KL

- Daerah : Kuala Lumpur

- Mukim : Mukim Batu

- Tenure : Freehold ( road frontage ) - Total 8 lots
Zoning commercial with plot ratio 1: 4 (vendor side will assist to get higher plot ratio ( 1:6 or higher) subject to the agreeable charges )

- Estimate Gross development value around RM 800 Million
status of land: Agriculture & flat land, this land can be vacated within 6 months after JVA signed.

- Suggested Joint Venture terms: 25 % (landlord) : 75 %(owner) base on GDV)

- Upfront : RM 10 million deducted for landlord with vacant procession.

- Land market price at RM380 psf worth RM 150 million

- If you have any further inquiries, kindly reply to this ad from the bottom or email : william. northern. star@gmail. com
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