3 good reasons to view this property:
1. Existing rental income
No need to start from zero. The unit is already tenanted at $16,000/month. Existing lease with long term corporate tenant runs until May 2028. For sale with tenancy only!
2. Rare HDB commercial asset
HDB commercial shophouses are a relatively limited type of commercial property, making opportunities like this less common than typical strata commercial units.
3. Established Jurong East location
Situated along Jurong Gateway Road, the property is within the established commercial and residential catchment around Jurong East.
Property Details
• Asking price: $4,500,000
• Current rent: $16,000/month
• Tenancy: Until May 2028
• Gross annual rental: $192,000
• Gross rental yield: Approx. 4.27%
• Lease remaining: Approx. 58 years
• Property type: HDB commercial shophouse
• Address: 130 Jurong Gateway Road #01-231
• Total 145sqm/ 1560sqft > Level 1 (72sqm) + Level 2 (73 sqm - living quarters with current approved change of use as office)
• Open to Singaporean, PR and foreigners!
• No GST registration for this property. ABSD applicable to Level 2 living quarters (residential zoning, current approved change of use to office)
If you’re looking for a commercial property investment with an existing tenant and established rental income, this is definitely worth a closer look!
Please whatsapp or call Lynette at 9.6.8.7.0.4.1.0 to schedule a viewing.
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