International Plaza

Tenanted 4.3%Yield! Sits 10 pax, 2 Mgr Rms, 1 Meetg Rm. Save $40k Reno
RENOVATED ALMOST LIKE A MODERN JUSTCO SERVICED OFFICE! (Comes fully furnished to save on $40k renovation costs)

- Seller GST-registered. Tenanted $3,650 excl GST (Expires May 2028)!

- Price slight negotiable only, subject to favourable terms like release stakehold of deposit

- Brightly-lit, modern & contemporary look with aluminium/glass doors and frames over vinyl flooring (resistant, easy wash)

- Enbloc potential with 1st attempt 3 years ago - last enbloc valuation price for this unit at $2940 psf

- Why pay rent when interest rate for commercial properties now dropped to 1.5%? (Previous owner saved almost $200k in rent for own use over 6 years before leasing out)

- Unit previously configured as serviced office, good for multi uses including own use + partial rental of rooms

- Fully maximised floor utilisation: 6 workstations outside with 2 managers' room (window view) and 1 big meeting room (half-glass panel) which sits 7 (as shown)


$40K major overhaul renovation in 2018 includes:

1. Brand-new Frimec chilled water central aircon which costs $6K (unlike old units in use for decades and prone to malfunction)
2. Additional brand-new Daikin split aircon 18K BTU for after office hours & weekend
(all aircon servicing proofs can be provided)
3. Cat 6 wiring with up to 10 LAN points built into partitioned walls
4. Logo wall at entrance with spot light
5. Built-in lockers and "pantry area" for staff
6. Dedicated workstations all included


(For reference) Record prices at IP in past property cycles:

2018-Feb 44sqm 14Fl SOLD $2,694psf
2006-Mar 43sqm 10FL SOLD $2502psf
2003-Apr 44sqm 18Fl SOLD $2593psf )