Sold with vacant possession. No tenancy in place, so the incoming owner can fit out and apply for SFA licensing on their own timeline.
Buyers should note upfront: GST at the prevailing rate is payable on top of the purchase price. Banks generally do not finance the GST portion, so this must be budgeted as cash. GST registered buyers can claim this as input tax.
The development is 60-year leasehold commencing 09 October 2000, leaving approximately 34 years, which affects bank loan tenure. Use is restricted to approved food manufacturing and requires Singapore Food Agency licensing.
Unit 02-10, strata area 2,809 sqft, on the second storey of a seven-storey ramp-up food facility. Direct ramp access on every level, dedicated loading and unloading, high floor to floor height suited to production equipment.
Comes with 3 complimentary car park lots, or 2 car lots and 1 lorry lot. Lorry allocation in strata food factories is limited and rarely transfers with the unit.
Maintenance 1,402.80 per quarter. Property tax 8,430.00 per year. The current annual value reflects a prior tenancy and a new owner may wish to review it with IRAS after taking vacant possession.
Suits central kitchens, caterers, bakeries, frozen and chilled processing, food repacking and distribution. North side access via Admiralty Road West, Woodlands Avenue 10 and Sembawang Drive.
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