Businesses For Sale in SingaporeSingapore

Listing ID: 5115
Total Viewed: 8743
Last Refreshed: 03/01/2019

Freehold Property At Balestier Road For Sale (Prime Location)

Toa Payoh

Asking Price : S$13,800,000

Revenue: S$200K-500K

Cash Flow: S$10K-20K

Payable: Not Disclosed

Established: 1993

Gross Profit: SGD200K - 500K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Investor

Net Profit: SGD200K - 500K

Liability: SGD0***

FFE: Not Disclosed

Staff: Not Disclosed

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

***NOT included in asking price

Reason To Sell
Business Description

This 5-storey freehold building has 8 units under different owners (each unit has area 1195sf) (total =1195x8 = 9560sf)

TOP: 1993

Land size: 4207sf

Plot Ratio: 2.8

Individual units are available for sale.  Currently 4 units are tenanted.  Each unit has 2 toilets/bathrooms and can accomodate 6 tenants.

Good rental yield (S$3k-4.5k/month per unit).

For sale of all 8 units, the asking price is S$13.8M.

For sale of 4 units or below, offer of 1.2M per unit will seal the deal. 

Option to purchase 7 out of 8 units (to have majority control of the buidling) is available at S$8.4m; this will mean lesser upfront initial payment, while maintaining the majority right to get approval from relevant parties for all renovation or other works.

Each unit has squarish layout & very spacious.  Good renters' profile; existing tenants are mainly nurses working in nearby hospotial or medical centre.

Each level has 2 units (Levels 2-5); level 1 is lobby & reception counter

Land tenure: Freehold

Great location: peaceful yet convenient, with amenities / eateries / malls /supermarkets / 7-11 convenient store all within walking distance

Foreigners Eligible

TOP: 1993

Land size: 4207sf

Plot Ratio: 2.8

Comes with passenger lift

Comes with basement car park which can accomodate 8 cars

Investor can expect monthly rental income of between S$3,000 to S$4,800 per unit.  

Sale price does not include property tax

Near to Novena MRT & Toa Payoh MRT

A popular choice for foreigners who come to Singapore to work as nurses & doctors in hospitals and medical centres

Can email to leave your contact details, budget and time frame for investment. Only for serious investor.

Business Operations
Preferred Skills:
Investor looking for property investment with positive cash flow and capital gain
Supporting and Training:
proper handover of up to 12 weeks
Not Disclosed
Property Information
Premise Status:
Premise Size:
Rental Fee:
Rental Deposit:
SGD0 (NOT included in selling price)
Lease Term:
Premises Detai:
Prime location in Balestier Road (near to Novena and Toa Payoh MRT). Surrounded by amenities, shopping malls, eateries.
Other Information
private car park, passenger lift
Expansion Potential:
Huge potential gain when combining with neighbouring plot with land size of 7800sf and plot ratio of 2.8 for future re-development plan.

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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