The overall property is about 50,456 sq ft land / 36,465 sq ft floor area, TOP 2019, with a lease starting in 2017.
144-Pax Secondary Workers’ Dormitory + Industrial Factory | TOP 2019 | Approx. 11 Years Balance Lease | Suitable for Operator / Investor / Own Use
For example, if the 144 beds can generate $500/bed/month, that’s $72,000/month or $864,000/year gross at full occupancy. At $600/bed, that’s $1.037 million/year gross. The actual achievable rent, operating costs, occupancy and remaining approval period will determine what an investor can pay.
At S$520 × 144, the dormitory alone produces about S$899k gross annually, equivalent to roughly 10.0% gross revenue against a S$9m purchase price—before expenses, vacancy, taxes and before adding any rental/value from the factory component.
Looking for dormitory operators, construction/engineering companies with substantial worker accommodation needs, industrial-property investors, and companies wanting factory + worker accommodation in one location.
Please contact Ricky Teo to learn the potential of acquiring this space
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