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Office Space Assets for Sale in Singapore

For Sale: Freehold commercial/office space of 700+ sq. ft. in Marine Parade (district 15), Singapore.
This Business is on a Premium Plan
Ownership Duration 5-10 year(s)
Industries Office Space
Locations Singapore
Local Time 12:25 PM Asia / Singapore
Listed By Advisor / Business Broker
Status Active
Overall Rating
Asset Sale
Asking Price: USD 1.53 million (Native Currency: SGD 1,961,000)
Reason: Direct developer sales team. No agent fees. Property is valued at SGD 2,530/sq. ft.
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Assets Description
- Freehold and ready to move-in office space of 700+ sq. ft. in district 15 of Singapore.
- TOP (temporary occupation permit) was received four years ago for this property.
- The location receives high foot traffic and has a potential rental yield of 2% per annum.
- Suitable for a boutique office, retail shop, hair salon, nail spa, tattoo studio, yoga studio, workout studio, or boutique store.
- SGD 806.40 monthly maintenance fee (sinking fund included) for most units.
- Some features and benefits of the unit:
• Access to a 64 basement mechanised car parking system, 2 lorry lots, and 2 loading bays.
• Electric supply: 30A 3 phase.
• High capital appreciation.
• Good hedge against inflation.
• Foreigners eligible,
• No additional buyer stamp duty.
• No seller stamp duty.
• Developer direct sales, so no agents fees.
- Close to bus stops with bus services direct to city (16) and airport (36).
- Within 5 minutes walk to Grand Mercure Singapore Roxy, Holiday Inn Express, Hotel Indigo, Marine Drive HDB Blocks.
- Within 5 minutes walk to future Marine Parade MRT (ready within 2 years).
- Strategically located between both private and public residential areas.
- 86% of the units have been sold, so only a limited number of units are available.
- Buyers can select from multiple units and 12 billboards outside on the building facade are included exclusively for units #05-08.
- This transaction is being handled by a real estate agency in Singapore. Feel free to connect for no-obligation viewing, consultations, or any queries related to this property.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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