### Owner Auction Sale ###
Light Industrial (B1) units at E-Centre @ Redhill
Colliers Auction
Auction Venue/Date as follows:
Venue : Amara Hotel, 165 Tanjong Pagar Road, Level 3, Connection Room
Date/Time : 29 September 2022, Tuesday at 2.30 pm
Please register for auction here: https://forms.gle/LZ61qjM44zTmgGHm9
About the unit :
- Tenure : 99 years from 01 July 1962
- Balance lease : around 38 years 9 months
- 7 units are currently amalgamated and fully fitted with combined estimated area of 680 sqm or 7,319.6 sqft.
-Each individual unit estimated area :
Unit A (91sqm), Unit B (94sqm), Unit C (94sqm), Unit D (94sqm)
Unit E (103sqm), Unit F (107sqm) and Unit G (97sqm).
- Must buy all 7 units together or 6 units together or 1 unit. No other combinations.
- 6 units (Lab) must buy with leaseback agreement of 2 years lease at rental S$2.82 psf.
Which is S$17,900/month + GST.
6 units (B,C,D,E,F,G) has area of 589sqm (~6340sqft)
- Unit A (91sqm) - Sell with vacant possession.
- High floor units.
- Floor to floor height : 3.8 m
- Floor loading capacity : 7.5kN/sqm
- Vertical access by 4 passenger lifts and 2 fire/service lifts with separate lift lobbies.
Pricing information :
- Guide price for unit A (91sqm) is $700K ($714psf).
- Guide price for bulk purchase of 6 units (589sqm) is $4.3M ($678psf).
- Guide price for bulk purchase of 7 units (680sqm) is $4.8M ($655psf).
- FY2022 property tax for Unit A : $2750 per year.
- FY2022 property tax for 6 units : $18060 per year.
- FY2022 property tax for 7 units : $20810 per year.
- Current Management fee + sinking fee for Unit A = $666 per quarter.
- Current Management fee + sinking fee for 6 units = $4284 per quarter.
- Current Management fee + sinking fee for 7 units = $4950 per quarter.
- GST applicable for the sale.
For more information please contact Colliers Auction at 8778 XXXX!
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