Rare opportunity to acquire a substantial freehold commercial property comprising an 8-storey building with 56 rooms, located within the established Geylang city-fringe precinct.
The property is presently income-producing, with current tenancy income of approximately S$100,000 per month, providing investors with immediate holding income while assessing future asset-management opportunities.
• Tenure: Freehold
• 8-storey building
• Existing configuration: 56 rooms
• Land area: Approximately 3,725.4 sq ft
• Gross Floor Area: Approximately 12,234 sq ft
• Zoning: Commercial / Institution
• Plot Ratio: 2.8
• Private parking lots
• Current tenancy income: Approximately S$100,000 per month
• Existing tenancy expiry: Approximately one year remaining, subject to confirmation
• GST applicable on the sale
The asset offers investors a potential future asset repositioning, subject to planning, licensing and authority approvals. Based on the existing rental information provided, the property presently generates approximately S$1.2 million per annum in gross rental income with rental reversion potential.
At the S$33.2 million advertised asking price, this represents an indicative gross yield of approximately 3.6%, before GST, property tax, operating costs and other expenses.
Situated within Geylang, the property benefits from convenient access to the CBD, Kallang, Paya Lebar and the wider city-fringe employment and commercial districts. The area is supported by established amenities, transport connectivity and a broad accommodation and commercial catchment.
Supporting documentation may be provided to qualified purchasers, subject to availability and seller approval.
All areas, rents, tenancy information, planning particulars and property details are approximate and subject to documentary verification. Purchasers should conduct their own due diligence regarding govt approvals and redevelopment potential.
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