Special Land offer 52,651m2 plus, sea side top commercial prime land in Manado City North Sulawesi Indonesia
HOME PAGE: http://my.opera.com/MarioOestert/
Link http://www.terrascend.com/property/1270
http://www.business-connections.de/
This land does not need to be specially promoted only needs a buyer!
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, Hotel, Apartments, Seafront Promenade and Marina Yacht Club.
The investor group received the land as collateral to there investment capital, the land is now full owned by the investor group and this ownership is supported by a recent 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
1) 100% all paperwork in order, ready to be sold tomorrow.
2) 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 problem. Very interesting opportunity for overseas buyer, knowing the problems land purchasing could have in the Indonesian environment.
3) Notary will handle any transaction and all paperwork required for a sell of this land on the investor groups behalf.
4) The only big original waterfront land section left in Manado City. Any land for any project development would need to be reclaimed from the sea also would be away from Manado City center.
5) Prime commercial land already had the approval to build Shopping Mall and Apartments.
6) Investor group only interested to get there original investment returned by this sell, no profit expectancy.
7) The resulting consequence that the land was locked in the system for more the two years and all other meager development project in Manado City beside the location of this particular land are in completion stage automatically ended up increasing the land value dramatically, and will do so in the future.
Extra Opportunities and bonus
The development of the original project started in May 2003 and stopped in Dec.2003 produced already joint reclaimed land of more the 17,000 M2 and could be extended to more the 30,000 M2.
To add the already reclaimed land, would only require approximately cost of 100,000 Rp. per meter to enquire the appropriate titles and paperwork from the local authorities to be added to the original land of 52,651 M2.
The already 52,651 M2 of prime land holding a title could resold in 8 hectares of prime land for a new developer.
Details
1) Two individual land titles joint to ea other one title 16,091 M2 second one 36,560 M2 total 52,651 M2.
2) Original Manado Square, Master Plan of Shopping Mall, Apartments, Hotel and Marina are on the attachment photo to evaluation the potential of the property.
3) Land had local authority’s approval to build Shopping Mall and Apartments.
4) Reclaimed joint land 17,000 M2 Plus requires paperwork to add to land.
5) No more original land properties available in Manado City.
6) Property location classed as Manado City.
7) Property opposite to upper class housing developing complex.
8) Many local facilities close by Hospital and transportation.
9) The original project development would have required more then 100 million US$.
10) Paperwork 100% in order!
Parties, group investors that could be interested
1) Singapore, Australia, Philippines, US
2) Developers of meager projects
3) Hotel groups
4) Investors (Groups) into prime land properties
Price Expectance
The land marked value for this particular prime land could be above 1,800,000 Rp. per M2. the average basic commercial land for Manado City area is around 1,700,000 Rp. to 1,500,000 Rp. per M2.
The investor groups target is to just recover there initial investment and is not targeting any profit from this sell it will be sold to the first offer which comes close to the investors calculated recovery amount.
This land does not need any promotion to be sold only interested buyer!
This land is the first time offered and will not last long, because under normal circumstances this prime land would never be offered on the open marked. Only the situation that investor group ended up with the property as collateral to there investment capital makes this prime land hit the open Marked.
First one Wins
Contact me for more info Property Location
(Investor of Group) Jl.Wolter Monginsidi Malayang 1
Mario Oestert Manado 95262,
Sulawesi Utara
Indonesia
Tel. +628152331853
Email Mario_Oestert@Yahoo.com
HOME PAGE: http://my.opera.com/MarioOestert/
Link http://www.business-connections.de/
http://www.terrascend.com/property/1270
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