Singapore  Singapore

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Listing Id: 28279 Last Refreshed: 10/07/2023 Total Views: 1840

(Expired)Highly Profitable Co-Work Office Space Biz For Sale At Price Of Real Estate Investment in Singapore

Central AreaBusiness Real Estate For Lease
Asking Price: S$5,000,000(Neg.)
Business For Takeover
Look For Investor
Look For Partner
Abhinandan

Overview

  • Premise Type Office Building
  • Premise Size 6700 sqft / 622 sqm
  • Monthly Rental S$15,000
  • Rental Desposit S$20,000***
  • Revenue S$15,000
  • Liability N/A
  • Gross Profit S$12,000
  • Net Profit S$12,000
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Investor
  • Staff N/A
  • Established N/A
  • Source Direct Seller
  • ***Inlcude in the selling price

Reason For Sale

Need Cash flow for other Businesses,

Description

We are pleased to inform you of an exciting business opportunity that has become available for sale. The business in question has been running successfully for over 11 years and offers the prospective buyer the chance to acquire a prime commercial (B1) property in Singapore.
Business is to cater SME segment , where SME companies are looking for a ready to use Office space with some storage space , near to central area , ready to start their Business from DAY 1. These SME companies cant afford to have their own office or space from other Co-working Space companies like WeWork , JustCo etc as they charge by per seat and no space to keep their small invetory. SME companies need a space to make 2-3 People desk with some space for some samples / inventory space.They dont need the place in City Business Hub but cant afford to be far as well . 7-10 Mns driver from Key business district is good eough for them. their budget is too tight for having even 1-2 seats at Other Co-working Space companies.
Under this busniess we have purcahsed 3 offices over 11 years under a company which is GST registered, totaling 6700 sft in a B1 (Very nice - corporate look Building ) with a total space of 6700 sft . The Space then is divided into 27 units and available for rental for, totaling 6,700 square feet of space. Currently, 18 of the units are occupied, generating a rental income of Approx SGD 15,000 per month, while there are approximately 10 offices that remain unoccupied, which can increase monthly revenue upto 25k Per Month without any involvment on day to day basis , as agents take bring tenants directly and cleaner cleans the place etc. This presents a great opportunity for the new owner to increase their rental income by filling the vacant units. Someone can even expand the bsuiness further by takins space on rental and then sub leasing it .
Justification for asking 5M SGD is Property Valuvation itself is 4.1M SGD. Assets and Renovation is worth 250k SGD. Hence 4.35M is Assets and asking additional 650k SGD for entire business , company and tenants etc. taking over company can probably save huge stamp duty applicable on real estate.
In addition to the rental income, the property also has the potential for significant appreciation in value. As you may know, Singapore has limited land, and with the recent cooling measures that have come into effect on 2 May 2023, the property prices in the commercial sector are expected to increase. The buyer would be acquiring a property with a high potential for capital appreciation.
The business is being sold fully furnished and is being run independently by a network of agents. The company has a pool of prospective tenants, making it easy for the new owner to fill the vacant offices. Furthermore, the business has an existing property loan of 2 million, which can be sold with the company. This means that the buyer would only need to shell out 3 million net to acquire the business and the real estate, offering a great return on investment.
Overall, this is a rare opportunity to acquire a profitable business with a prime commercial property in Singapore. We encourage you to Whatsapp pwner at + 65 92302724 to Discuss in more detail or for more information on this exciting opportunity.
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