Singapore  Singapore

Sell a Business

Listing ID: 5115 Last Refreshed: 07/05/2019 Total Views: 9810

Freehold Property At Balestier Road For Sale (Prime Location)

Toa Payoh

Asking Price: S$13,800,000
Freehold Property At Balestier Road For Sale (Prime Location)
  • Premise Type N/A Premise Size 9560sqft
  • Monthly Rental S$0 Rental Desposit S$0
  • Revenue S$200K - 500K Cash Flow S$10K - 20K
  • Gross Profit S$200K - 500K Net Profit S$200K - 500K
  • Stock N/A Liability S$0
  • Payable N/A Receivable N/A
  • FFE N/A Established 1993
  • Owner Role Investor Staff 0
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Sern-Ee Leang
Email Owner

Reason For Sale

Divestment

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 Operation

private car park, passenger lift
Facilities
Huge potential gain when combining with neighbouring plot with land size of 7800sf and plot ratio of 2.8 for future re-development plan.
Expansion Potential
proper handover of up to 12 weeks
Supporting and Training
Investor looking for property investment with positive cash flow and capital gain
Background & Skills

Property Information

Freehold
Lease Term
Prime location in Balestier Road (near to Novena and Toa Payoh MRT). Surrounded by amenities, shopping malls, eateries.
Premises Details
Email Owner
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