Sim Lim Square

1 Rochor Canal Road Beach Road / Bugis / Rochor (D07)See on Map

Other Retail

S$ 1,200,000

Negotiable

409 sqft

S$ 2,934 psf


About this property

High human traffic. En-bloc potential. Below Bank Valuation

** High human traffic. En-bloc potential. Below Bank Valuation
- #02-XX, low floor, high human footfall.
- Size 409 sq ft.
- Ideal for beauty & massage, IT, device repair shop, audio & media services, electronics equipment showroom, storage etc.
- Currently tenanted at $2,250/mth until 1 April 2024. New rental will be between $2500 to $3000 / month.
- Asking $1,200,000 (negotiable)
- 99-year lease from 08/04/1983 (Balance 58 years)
- No GST

️️** WHY YOU SHOULD BUY THIS PROPERTY?

- Current resale prices at Sim Lim Square are between $3000 to $5000 psf. Our asking is only $2933 psf.
- The current lease is ending on 1 April 2024. You have the perfect opportunity to increase the rent in the new lease.
- Sweet spot at an affordable price tag of $1.2m only.
- No GST. You can buy under a company or personal name and need not worry about paying GST.
- No ABSD, SSD.
- Potential En-bloc sale at $1.5m (we have documents as proof).
- Comes with centralise air con, floor trap and water point. Can be converted to F&B (subject to approval).
- Near to Fu Lu Shou, Bugis Junction, Albert Center, Bugis Village, Bugis+, Little India.
- Well connectivity to CTE, MCE, ECP, KPE, Nicoll Highway & upcoming North South Corridor.
- Walking distance to 4 MRT stations – Bugis, Bencoolen, Rochor and Little India.
- Served by a large variety of buses along Rochor Road, Bencoolen Street and Serangoon Road.

** Call Colin at 9***** for a viewing appointment.

More details

Property Type
Other Retail For Sale
Floor Size
409 sqft
Furnishing
Partially Fitted
PSF
S$ 2,933.99 psf
Currently Tenanted
Until 1 Apr 2024
Tenure
99-year Leasehold
Listed On
27 May 2024
Listing ID
24972492
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Amenities
Air-Conditioning
Car Parking

About the location

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Frequently Asked Questions

The sale price of this unit at Sim Lim Square is S$ 1,200,000.
Current PSF at Sim Lim Square is about S$ 2,933.99 psf.
Sim Lim Square is located at 1 Rochor Canal Road Beach Road / Bugis / Rochor City & South West (D01-08).
Floor size of this unit at Sim Lim Square is 409 sqft.
Sim Lim Square is a 99-year Leasehold property.