Commercial Investment Property Manado City Indonesia Asking Price: $7,950,000
Location: Jl.Wolter Monginsidi Malayang 1
City: Manado
State/Province: Sulawesi Utara
Country: Indonesia
Type: Commerical
Special Land offer 52,651m2 plus, sea side top Indonesia investment, Indonesia commercial prime land in Manado City North Sulawesi Indonesia, close to Bunaken Island the first class Diving Resort with clear view of Manado Tua. Also natural hot springs and beautiful untouched nature surrounding the area! Now Selling below minimum Market value 7,950,000 US$
HOME PAGE: http://my.opera.com/MarioOestert/
http://www.terrascend.com/property/1270
Extra Opportunities and bonus
A new owner would have the opportunity to add another 17,000M2 of already reclaimed land, which joints to the original City land of 52,652M2. The cost to join this 17,000M2 reclaimed land would only require a very low administration fee, to enquire the title documents! This option could increase the total property size to 70,000M2 plus. In addition this option would decrease the overall average price per M2 dramatically considering the low administration cost it would require to add the17000 M2 reclaimed land.
Reason for sell
Investor group ended up with prime commercial land after original company developer run in to finance problems and could not continue his 100million US$ project to build the planed Shopping Mall, Convention centre, Hotel, Apartments, Seafront Promenade and Marina Yacht Club. The investor group received the land as collateral to there invested capital, the land legally owned by the investor group and this ownership is supported by a Supreme Court decision. The investor group is now in the process to find a potential buyer for this prime commercial land to recover there original investment input.
Positive factor for potential buyer and developers
100% all paperwork in order, ready to be sold tomorrow.
Land has resend supporting Supreme Court decision and got relies to investor group. Maybe the only land which has this added security and is guaranteed to be clear of any problem.
Could be very attractive opportunity for an overseas buyer, knowing the paperwork on the property is 100% in order.
Notary will handle any transaction and all paperwork required for a sell of this land on the investor groups behalf.
The only big original waterfront property left for sell at Manado City. Any land for any project developments would require reclamation from the sea also would be away from Manado City location.
Prime commercial land already had the approval to build Shopping Mall, Apartments and Hotel.
Investor group only concerned to get there original investment input returned on a resulting sell, no profit expected.
The unnecessary resulting that the investor groups owned property was dragged into the system for more then two years prevented the Investor group to market the property earlier! The time delay result’s in a potential higher market value, firstly; all other prime land close to the city area are owned by operating Developers. Secondly; major development project in Manado City beside this particular land are in completion stage automatically ended up increasing the land value in the area dramatically, and will do so in the future. E-Mail: Mario_Oestert@Yahoo.com
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