3 storey terrace building with high ceiling at ground floor and high attic ceiling at level 3. Unit has a huge front pouch strata compound to fit in 8 cars inclusive in Management fee. Unit has 21 years left and potentially high yield with asking rent of S$15k negotiable.
For own use buyers, you will be surprised to know that this unit has been pre-approved for ancilliary dormitory usage via change of use of the upper floors.
Thus if you can manage your finances well, just imagine this scenario...
You already paying almost S$12k for renting a unit for several years, utilising an area of 6000sf for your business operations. You have 20 work permit holders, residing them in a purpose built dormitory @ S$300 per pax = S$6k per month! Your kapex, give or take, on rental alone = S$18k expected.
If you have funds for just 10% downpayment to purchase my unit = S$300k all inclusive. The monthly instalment financed over the next 15 years is only S$12k monthly, saving a significant S$6k monthly.
It has always been a good avenue to own properties for own use than renting, if you have the financial muscle. Do speak to me and understand on your asset progression for commercial properties.
In my years of property career, I had converted several tenants into owning their own properties for own use, a good approach to have a business exit plan in future. If you want to be crisis proof, do not procrastinate already.
The seller wants to offload this property for the purpose of capital gain for his investment. He has been using this property for years and he felt that its time to move on with a far bigger property. This is not a fire sale.
I have several other units within the same development, as well as nearby Kaki Bukit district. If you had read this far, and appreciated my sharing, do ring me up to view this property through me and I assure that you will be impressed by the abundance of choice offerings that I will be able to share with you.
Whatsapp