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Listing ID: 604 Total Viewed: 6

Business Office Space W Subtenants (Leasing Business) For Takeover (Sold)

Kallang/Whampoa, Singapore

Asking Price : SGD40,000

Revenue: Under SGD5K

Cash Flow: Under SGD5K

Payable: Not Disclosed

Established: 1999

Gross Profit: Under SGD5K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Under SGD5K

Liability: Not Disclosed

FFE: SGD15,000

Staff: 7

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

***NOT included in asking price

Reason To Sell
Owner moving to new office
Business Description
Current office space is divided into 1,500 sqf for own use, and the other 1,500 sqf subdivided / rented out to subtenants. Passive income from tenants is $6,500 / month, essentially covering the rental of $6,600 currently.

New owner can make use of existing 1,500 sqf space for his own use, or further rent it out to other tenants, and keep remaining space for his own use. If further rented out, it'll be passive income for the new owner.

Lease duration is 2 years, or can be earlier if assignment is completed earlier.

Current landlord will transfer all subtenants to the new owner. In the event that any tenant leaves, current owner will guarantee and pay 1 x month's rental.

There will be also be agents to help market the unit for rental, if such services and support is required.

Your investment will roll back in 6 months. Owner is assigning it over as we have too many other locations to handle, and we are moving to a new place in a few month's time. All renovation, furnishing and equipment will be transferred to the new business owner.

Please call or email for more information.
Business Operations
Preferred Skills:
Some experience in handling tenants, and knowledge for leases will be useful.
Supporting and Training:
Yes, proper handover will be given
Staff:
3 Local, 4 Foreigners
Property Information
Premise Status:
Rent
Premise Size:
3000sqft
Rental Fee:
SGD6,670
Rental Deposit:
SGD13,340 (NOT included in selling price)
Lease Term:
2 years
Other Information
Expansion Potential:
Remaining space (1,500 sqf) can be sublet to another tenant if new owners decides not to use the space.

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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