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Newly Established Commercial Real Estate for Sale in Muscat, Oman

Acquire non-operational Oman-based government-approved hospital building with 110-bed capacity and 20 minutes from Muscat Airport.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Hospitals + 1 more
Locations  Muscat
Local Time 10:45 AM Asia / Muscat
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 13 million (Native Currency: OMR 5,000,000)
Reason: The promoter wants to focus on his other core business and is looking for a suitable buyer.
Includes physical assets worth USD 13 million
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Business Overview
- Ten Highlights.
1. High attractive location.
20 minutes drive away from Muscat International Airport. 15 minute drive away the proposed Sultan Haitham City, Sultan Qaboos University, Rusayl Industrial Estate. Near to thousands of residential and commercial establishments.
2. Ministry of Health (MOH) approved building.
Attaining MOH approval for a hospital is a laborious task in Oman. It requires minimum 8 months to 12 months to get the approval. The said property building plan has got the approval of MOH.
3. Approvals from government entities.
Important approvals from municipality, water, electricity, traffic has already received prior to the construction which makes the investor easy to progress.
4. Capacity of more than 100 beds.
The given building has the capacity to hold more than 100 beds which helps to execute diverse opportunities catering to the requirement of local Omani market.
5. Great brand value with royal hospital category.
With the existing capacity, hospital can be positioned in the royal category which in turn brings value to the investment due to enhanced brand image.
6. Sole owner of the land/building, retired from royal service.
Sole owner of the property: Retd. Air Vice Marshal Saleh bin Humaid al-Siyabi.
Mr. Saleh bin Humaid al-Siyabi is retired from royal service of His Majesty Late Sultan Qaboos Said Al Said.
7. Land/building free from legal conflicts.
The said land and building is absolutely free from any legal conflicts.
8. Hospital can be commissioned in short time.
With proper project execution remaining work can be completed in a short time and hospital can be commissioned in 12-15 months.
9. Seven villa advantage.
Seven villas in the given property can be conceptualized to incomparable and unique concept helps to generate value by catering to VIP guests or specialized treatment purposes.
10. 100% ownership.
100% ownership on the land and building ensuring no loss guarantee to the investor.
Products & Services Overview
A freehold land with a 7-storey building and 7 villas, to start a 110-bed hospital in the seeb that has approvals from the Ministry of Health, Oman to start the hospital. This project is 20 minutes away from Muscat International Airport and near to the upcoming Sultan Haitham City.
This project was developed and was heavily invested by NMC Health foreseeing the great potential but later relinquished at the outset of their internal management crisis.
Assets Overview
Tangible assets: land and the building worth OMR 5.7 million.
The owner has decided to them at a discounted valuation of OME 5 milllion.
Facilities Overview
- Total land area: 5,500 sq. m.
- Building: 7-story buildings + 7 residential villas situated behind the building.
- Located in a prime locality Al Khoudh, Muscat, Oman.
Capitalization Overview
The property has a bank loan of OMR 1.5 million and the promoter will repay it after the transaction.
This is a sole proprietorship.
Recent Activity
  • 1 week, 4 days ago
    CEO, Ahmedabad, Financial Consultant connected with the Business
  • 2 weeks ago
    Managing Partner And Head M&A, Hyderabad, Financial Consultant connected with the Business
  • Earlier than 15 days
    Chairman, Fahud, Financial Consultant connected with the Business
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Contact Business
2 Buyers contacted this Business this month. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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