Sir/Mdm,
Are you looking for a good commerical investment at under 600k?
Perfect - We have just the answer for you here!!
Here are ten compelling reasons to consider this proposition:
1) Ownership: Enjoy the benefits of a freehold investment, allowing you to retain the property indefinitely and pass it down to future generations.
2) Exit plan: In addition to attracting local buyers, this property offers a compelling opportunity for foreign investors to reap the benefits without being burdened by the extra taxes, which can soar up to 60%, typically applicable to residential properties.
3) Affordable Investment: At a price of 600k, this property offers an attractive opportunity in the current competitive commercial property market.
4) GST Savings: With the current GST at 9%, this property provides immediate savings of over $50,000 in extra GST tax payable.
5) Reliable Tenant: The stable retail tenant pays a monthly rent of $1,450 until Oct 2024, demonstrating a consistent payment history with no rent arrears.
6) High Yield: Experience a solid nett yield of approximately 2.9% on this freehold shop investment.
7) Capital Appreciation Potential: Anticipate significant growth in property value, aligned with the government's redevelopment masterplan for Bukit Timah.
8) Prime Location: Benefit from the property's strategic frontage along Bukit Timah, ensuring excellent visibility for clients and easy accessibility.
9) Versatile Use: The current retail tenant opens doors for diverse opportunities, attracting established brands and potential conversion to a takeaway F&B concept, subject to necessary approvals.
10) Accessibility: Positioned directly in front of a bus stop with numerous direct buses to various Singapore locations. The nearby Beauty World MRT station is just a 5-minute stroll away. Surrounded by a mix of HDB residents at Toh Yi estates and private apartments, creating a vibrant and diverse neighbourhood.
Example of the financing aspects:
Property price: $600,000
Loan amount: 70% for personal name / 80% for companies i.e. $420,000 or $480,000
Cash outlay: $180,000 or $120,000
Interest: ~4.5%
Maintenance fee: $110 monthly
Property tax: $1,639
Unlock a rewarding investment horizon with this property - where your initial purchase can be fully recovered in just 35 YEARS. From that point forward, you'll enjoy a continuous stream of monthly rental income with no expiry date.
And that's not all – anticipate substantial growth in the property's value over the years, adding an extra layer of financial benefit to your investment.
Seize this opportunity to secure a prosperous future with both immediate and long-term returns.
Note:
a) no CPF usage allowed for commercial investment.
b) no 9% GST applicable on sale price.
c) No extra 60% taxes applicable for residential property.
Definitely worth a personal trip to view and appreciate unit!
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If above unit does not fit your every requirements, feel free to contact or drop me a SMS at 9353 XXXX.
Yours truly is standing by to assist on your queries.
James Jose
Propnex Realty Pte Ltd
(The Problem Solver agent)
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