| Website |
: |
https://www.pangkorlautresort.com/
|
| Address/Location |
: |
Pangkor Laut Island, 32200 Lumut, Perak Darul Ridzuan |
| Property description |
: |
36 units of Garden Villas, 52 units of Hill Villas, 8 units of Beach Villas and 1 unit of Pavarotti Suite. |
| Property type |
: |
Resort |
| Age |
: |
Approximately 30 years |
| Title details |
: |
PN 313713, Lot 12362 and PN 313715, Lot 12364, both in Mukim of Lumut, District of Manjung, State of Perak Darul Ridzuan. |
| Encumbrances/Limitation in title/ interest |
: |
The property is free from encumbrances and there is restriction attached to the title. |
| Status of holdings |
: |
99-year registered lease expiring on 21 May 2095 obtained from Perbadanan Kemajuan Negeri Perak. The unexpired lease period is approximately 72 years. |
| Existing use |
: |
Commercial Building |
| Parking spaces |
: |
Not applicable |
| Lessee |
: |
Syarikat Pelanchongan Pangkor Laut Sendirian Berhad. |
| 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) |
: |
RM98,365,000 |
| Fair value adjustments for the financial year |
: |
RM2,000,000 |
| Market value |
: |
RM124,000,000 |
| Date of latest valuation |
: |
31 May 2023 |
| Independent valuer |
: |
Azmi & Co Sdn Bhd |
| Net book value |
: |
RM124,000,000 |
