Ruby Warehouse Complex, located along a URA land since 1981, having a balance lease of almost 20 years, is a B2 warehouse/ production unit with a generous ceiling height of 5m shy, supported by 2 huge cargo lifts with 3000kg laden load.
It amenities includes a canteen located at level 4, and separate male and female common toilets maintained by the Management twice daily, with ample parking lots for your lorries, containers and private cars. The season parking rates are one of the cheapest within the precinct.
The loading bays are exceptionally friendly towards lorries load and 20 footers loadings. Ocassionally may support for 40 footer operations but subjective to availability.
The unit in question, sits along level 4, with full ceiling height shutter doors and brightly litted with LED lightings and split into half warehouse and half office
Selling either vacant or with tenancies, please contact me for discuss your requirement. This is not a fire sale, and only genuine offers are considered. Owners are merely selling to encash on their investment and moving on to bigger properties. That is how asset progression is all about.
For investment, then the unit fetches a decent gross yield of more than 7% easily. Management fee cost 10% of the rental while property tax consumes another 10% of the rent receivables. Do your maths, after the sums, the net yield still churns out a good old 5% easily.
For own use, well, you are already paying rental irregardless, why not buy and pay into your own pocket then? Bank may consider financing your purchase up to 90% LTV, no harm giving it a shot!
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