Gua Musang, Kelantan 18300

[INCLUDE EQUIPMENT] Palm Oil Plantation Gua Musang, Kelantan For Sale

Asking price : RM37m

PROPERTY DETAILS:
- Palm Oil Plantation
- Moderate to Undulating Hilly Terrain Land
- Location : Gua Musang, Kelantan
- Land Area 1,291 acres (Balance of 1,500 Acres from original title, with 84.50 Hectares surrendered to the State Government for Orang Asli village reserve)
- Total Planted Area 1,293 acres
- Total Palm Stand 54,976 palms
- Palm Age 9 - 12 years
- Palm Type GH500 (Golden Hope)
- Yearly FFB Production Record 2023 6,173.71 MT
- Leasehold (Balance 29 years)
- Malay Reserved
- Buy and Run Condition Estate. This plantation is currently under good management with a promising yield. Approximately 0.5 ton per acre per month, based on a 10-month annual harvest. The owner's decision to sell is driven by their desire to retire and fulfill their dream of traveling the world
- The plantation boasts stunning scenery and excellent accessibility, just 5km from the main road and reachable even by sedan without the need for a 4WD vehicle
- The selling price is significantly lower compared to the current market rates, which range between RM32,000 to RM38,000 per acre.The land lease extension has been approved by the state government for an additional 50 years, ensuring security until 2103. The plantation is also MSPO certified.
- The land is eligible for financing, although the owner prefers cash buyers. However, this can be discussed.

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