For Sale - 278A and 280A Lavender St (D12)

BELOW valuation ! Rare ! Freehold ! Great investment - Long lease, 3 to 5 years, to 2 tenants. 3.88% return now and 4.44% return in 2 years time. Potential to earn AT LEAST 4.73% return in 4 years' time (when 1 of the 2 tenant exercises their option to extend their lease), this is EXCLUDING the potential income from outdoor advertisements (an outdoor advertising agent has already been appointed to start work on this project). This ad space has Extremely High Visibility as it is located at the very busy road junction of Bendemeer Rd, Jln Besar and Lavender St. The 3,454 sq ft roof garden has an unblocked view of the surroundings. A Food and Beverage operator will start their operations within the next few weeks. This property consists of a huge floor area of 3453 sq ft on the 2nd floor PLUS another 3454 sq ft Roof Garden. It is a hort walk to Boon Keng and Lavender MRT (7 and 9 mins respectively). The nearest MRT station in future will be within 4-min's walk – Bendemeer MRT Station (Downtown Line Stage 3). With Lavender Food Court just across the road, and Boon Keng Road wet market ／ food centre within 10-min walk, it is a Super Convenient Location ! Bonus – the title of the premises comes with ownership of 1,666 sq ft of Freehold Land !
The premises on the 2nd floor is currently tenanted as a licensed backpackers' hostel (8 rooms, 40-beds), run by a very experienced operator of a highly-rated, successful backpackers' hostel in Singapore. Recently and nicely renovated, it is fully air-con, with more than S$100K spent on fire safety (fire alarms, fire-rated walls and ceiling, heat and smoke detectors and direct link to the Fire Department's Command Centre). Don't miss this great investment opportunity. Feel free to call Wang, 6383 4070, for more info.

Air-Conditioning	24-Hour Access