Corner HDB shophouse with living quarters in Kallang, let to a spa to 2029.
S$10,000/mo lease to Jun 2029, HDB spa approval to Feb 2028; Kallang MRT 6 min walk.
✦ Money: S$2,499,999 | No GST | Spa S$10,000/mo to Jun 2029 | 4.8% gross at asking | Prop tax ~S$10,581/yr
✦ Suits: Massage establishment / spa (HDB-approved to Feb 2028)
✦ Spa tenant in place to Jun 2029 - rent from day one, no fit-out downtime
✦ HDB-approved massage-establishment use to Feb 2028, renewable on application
✦ Corner unit: two faces to the street for the signboard and walk-ins
✦ No mall within walking distance: ~101,000 Kallang residents shop nearby
✦ ~7,700 weekday bus arrivals within 400 m (LTA), evening peak at 6pm
✦ Honest note: ~48 yrs left = ~S$52k per lease year; priced on income
✦ Walk: Kallang MRT 6 min (~530 m); 9 carparks within 400 m; drive: Raffles Place ~12 min, PIE ~2.1 km
✦ Within 2 km: Bendemeer, Geylang Methodist (Primary), Canossa Catholic, Hong Wen, Kong Hwa.
✦ HDB lease 80 yrs fr 1994 | Bal ~48 yrs | S$2,499,999 | 1,324 sqft (~S$1,888 psf) | Yield = rent/price, pre-costs
Call Andrea ⑨⑥⑨③ ⑦⑦⑧⑦ for the tenancy details.
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Areas approx & subject to survey. Not a warranty or offer. Visuals for illustration only.
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