Sembawang Cottage

It is a freehold mixed development property with level 1 having 7 retail/ F&B shops, upper 3 levels are residential apartments with staircase access. There is a huge basement carpark with ample lots for dine in customers.

Project faces a busy road along Sembawang Road and a cluster of HDB flats, landed properties and mega condos with pretty dense population.

Among the level 1 shops, we have popular Mac Donald restaurant with drive thru collection, Domino's Pizza, Canadian Pizza, Daily scoop ice cream, Anytime Fitness, briyani restaurant and Malay restaurant.

We are selling one of the F&B units which spans 1701sf, having 63A/ 3phase power, water supply, 2 toilets, air conditioned, with a rear entrance to the back alley.

It will be either sold with tenancy or can be vacant possession. No GST is applicable. Management fee barely cost S$900 monthly with an annual property tax shy of S$12k.

This is not a distressed sale while the seller are merely considering to encash their capital gains and progress their asset ownership.

Rental demands are strong and easily commands between S$6-8psf within the vicinity.

For investors, typical rental yield hovers at least 3% while for buyers intending for their own use, this is an opportunity for further capital growth once the MRT and the surrounding HDBs and Condos attain TOP.

Viewing can be any day, during day time. View to appreciate.