Freehold Property At Balestier Road For Sale (Prime Location)

Divestment

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.

private car park, passenger lift

Huge potential gain when combining with neighbouring plot with land size of 7800sf and plot ratio of 2.8 for future re-development plan.

proper handover of up to 12 weeks

Investor looking for property investment with positive cash flow and capital gain