❤️❤️ High human traffic. En-bloc potential. Below Bank Valuation
⭐ #02-XX, low floor, high human footfall.
⭐ Size 409 sq ft.
⭐ Ideal for beauty & massage, IT, device repair shop, audio & media services, electronics equipment showroom, storage etc.
⭐ Currently tenanted at $2,250/mth until 1 April 2024. New rental will be between $2500 to $3000 / month.
⭐ Asking $1,200,000 (negotiable)
⭐ 99-year lease from 08/04/1983 (Balance 58 years)
⭐ No GST
❤️❤️ WHY YOU SHOULD BUY THIS PROPERTY?
✅ Current resale price at Sim Lim Square is between $3000 to $5000 psf. Our asking is only $2933 psf.
✅ The current lease is ending on 1 April 2024. You have the perfect opportunity to increase the rent in the new lease.
✅ Sweet spot at an affordable price tag of $1.2m only.
✅ No GST. You can buy under a company or personal name and need not worry about paying GST.
✅ No ABSD, SSD.
✅ Potential En-bloc sale at $1.5m (we have documents as proof).
✅ Comes with centralise air con, floor trap and water point. Can be converted to F&B (subject to approval).
✅ Near to Fu Lu Shou, Bugis Junction, Albert Center, Bugis Village, Bugis+, Little India.
✅ Well connectivity to CTE, MCE, ECP, KPE, Nicoll Highway & upcoming North South Corridor.
✅ Walking distance to these 4 MRT stations – Bugis, Bencoolen, Rochor and Little India.
✅ Served by a large variety of buses along Rochor Road, Bencoolen Street and Serangoon Road.
⭐ Call Colin at 9329XXXX for a viewing appointment.
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