For Sale Sim Lim Square (Commercial Building)
Asking Price $838,000
Serious Seller, Selling $250,000 below Bank Valuation
Return on Investment 4.3%
3rd Floor
Suitable for Retail or Office
Size: 301 sqft / 28 sqm
Condition: DBS Bank Valuation at $1.1mil
Selling with Tenancy, Guaranteed @ $3000/mth.
Instant Investment Return.
Current Tenancy till July 2018.
No GST apply. IT Mall located in CBD zone.
Great for Investment, Foreigners Eligible.
Future Opportunities
1. Closure of Funan IT mall this year, Sim Lim Sq is the only IT mall left in Singapore. Customer crowds have increased.
2.Opening of Downtown Line Rochor Station this year. One of the exits is just beside Sim Lim Sq.
3. Enbloc Potential
- Master Plan 2014 Plot Ratio 4.2.
- Only 6 storey sitting on big plot of land.
- Surrounding newer buildings such as Burlington Square, Bencoolen and Albert Complex have same plot ratio, all are taller than Sim Lim Sq.
- Nearby The Verge with plot ratio 3.5 was sold for $317 million recently to Heritage Group, to be redeveloped into mixed project including a mall and serviced apartments.
- Golden Wall Centre with plot ratio 4.2 is now on Enbloc Sale, between $250 - $270 million.
4. Rochor Centre has been acquired for developement NSE, North-South Expressway. Residents in Yishun will be able to enjoy much shorter traveling time to city.
Advantages for Commercial Properties:
- Stable Rental Income
- No restrictions on foreign ownership
- No additional buyer stamp duty
- No seller stamp duty
- Strata commercial market is currently active and well traded.
Owners / Landlords who need assistance to Sell / Rent Out units,
Buyers / Tenants in searching for units to Buy / Rent.
Please kindly contact me. I am most glad to be of service to you.
Agents are most welcome for all my listings.
Contact Pedro @ +65-9635-2283 for viewing arrangement.
Thank you for viewing my listing.
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