Description

Labuan is half an hour by plane from Sabah and is an offshore financial centre and an island.

The subject land is situated due north of the existing Labuan town centre.

Approach to the subject land is by way of the Jati Commercial Centre feeder roads. The road mentioned is a sealed all-weather road and maintained in good condition.

The subject land is situated to the northern part of the town centre. The immediate commercial activities include the Jati Commercial Centre site, which comprises of 62 units of 3 storey commercial shop houses (to the adjoining southern boundary) and Wong Wo Lo industrial warehouse which comprises of a row of 12 units double storey light industrial building adjoining to the south-eastern corner of the subject land.

Prominent landmarks in the locality due north east across Patau Patau road includes a Petronas petrol and filling station and the veterinary station.

Labuan new market place is located withing walking distance to the west of the subject land.

There is a proposed 7 storey hotel, 2 storey shop houses and a 3 storey apartment building site is located one lot due east of the subject land.

The Labuan ferry terminal is located to the south of the existing Labuan town.

The town centre proper is located further south of the subject land comprises a mix of predominantly 2 to 4-storey shop houses from earlier period with some purpose-built high-rise office building like the Public Bank building, the HSBC Bank building, Wisma Lazenda and the 11-storey Wisma Perbadanan.

The prestigious Financial Park Labuan Complex is situated to the eastern corner of the town and lies on a 4.45 hectares site consisting of a 2-storey podium, a two towers 18-storey office and two towers 16-storey office. The building offers some 134 shop lots.

The Financial Park is built to designate and facilitate the development of Labuan as an International Offshore Financial Centre. The area wherein the subject unit is situated is locally regarded as an exclusive and prime location on the island.

The subject land is rectangular and rather elongated in shape. The north-eastern corner of the land is located facing and fronting the main road, Patau-Patau road whereas the southern end corner of the land is located fronting an existing commercial feeder road, hereinafter known as the Jati Commercial Centre. The eastern boundary is adjoining to new and under construction commercial development know as Paragon.

Topographically, the land is generally flat in nature, being located below the road level of the main road, Patau-Patau road. The land is undeveloped. It is currently under tall grass and bushes.

Bus and taxi services are easily available to and from the town. Mains water, electricity supply and telephone facility are also available.

The subject land is within the jurisdiction of the Labuan Corporation on matters relating to town and country planning and development.

Based on Labuan Development Plan 1997-2015, the land is zoned for “Town Centre” under planning zone 1.

Town Centre under planning zone 1 encompassing the local business district bounded by Patau-Patau road, Melati road and the waterfront. This zone covers the wet market, bazaar, traditional shop houses, existing passenger ferry jetty and the generally mixed-use area bounded by Melati road, Patau-Patau road and Patau-Patau road that leads to Ranca-Ranca.

The subject land is situated to the northern direction of the existing Labuan Municipal Centre with frontage to Patau-Patau road, which is the major traffic route in and out of the Labuan Town Centre in the northern direction. It is also the main road leading to the Rancha-Rancha Industrial Area from the town centre. The prime location offers good future development potential for the area.

The subject land is zoned “Commercial” under the draft proposed and use plan 2030. The Jati Commercial Centre is just to the immediate south of the subject land which has a good road frontage to Patau-Patau road, the main road to the Rancha-Rancha industrial area. The subject land is rectangular in shape with road frontage to the service road of Jati Commercial Centre and the Wong Wo Lo light industrial shop houses. The tenure of the subject land is leasehold with an unexpired term of 878 years and the land is slightly below the road level off Patau-Patau road. The subject land is flat in nature and it is one of the few available large vacant prime commercial located to the town centre.

The selling price is RM 45,603,250 or RMB 69,184,717.16. This is fixed price and non-negotiable.

For those who are interested, please contact Mdm Leong:

Wechat: LeongAnnLee

Whatsapp: 60138744540

Line:leongannlee

Email: la8162@gmail.com