S$4,380,000 for sale (Negotiable)

Sim Lim Square
ReferenceC05171810
TypeRetail
Sale/RentSale
Other Retail
TenureLeasehold

Build Up Area969 Sq Ft(approx)
FurnishingUnfurnished

Date Posted26 Sep 2017
ViewedBelow 50 times

About Sim Lim Square

This is a Leasehold Retail in D07. The size of this unit was approximately 969 square feet or 90.02 square meter. It was unfurnished.

For Sale Sim Lim Square (Commercial Building)
Asking Price $4,380,000
4th Floor, Tenanted, Good Rental Yield.
Suitable for Retail and Office
Size: 969 sqft / 90 sqm

Condition: Sold with tenancy. Front Facing to the Atrium.
IT Mall located in CBD zone. Great for investment.
Foreigners eligible.

Future Opportunities
1. Closure of Funan IT mall this year, Sim Lim Sq is the only IT mall left in Singapore. Customer crowds have increased.

2.Opening of Downtown Line Rochor Station, one of the exits is just beside Sim Lim Sq.

3. Enbloc Potential
- Master Plan 2014 Plot Ratio 4.2.
- Only 6 storey sitting on big plot of land.
- Surrounding newer buildings such as Burlington Square, Bencoolen and Albert Complex have same plot ratio, all are taller than Sim Lim Sq.
- Nearby The Verge with plot ratio 3.5 was sold for $317 million recently to Heritage Group, to be redeveloped into mixed project including a mall and serviced apartments.
- Golden Wall Centre with plot ratio 4.2, rolled out on Enbloc Sale earlier this year, asking between $250 - $270 million.

4. Rochor Centre has been acquired for developement NSE, North-South Expressway. Residents in Yishun will be able to enjoy much shorter traveling time to city.

Advantages for Commercial Properties:
- Stable Rental Income
- No restrictions on foreign ownership
- No additional buyer stamp duty
- No seller stamp duty
- Strata commercial market is currently active and well traded.

Owners / Landlords who need assistance to Sell / Rent Out units,
Buyers / Tenants in searching for units to Buy / Rent.
Please kindly contact me. I am most glad to be of service to you.

Agents are most welcome for all my listings.

Contact Pedro @ 65-9635-2283 for viewing arrangement.
Thank you for viewing my listing.

Location

District: D07 - Bugis, Beach Road, Golden Mile
Road: Rochor Canal Road
Postal Code: 188504


The most recent average Selling Price Per Sqf of Leasehold Retail around was S$3,093 and the average Rental Price Per Sqf was S$4.27.

Price Per Sqf Analysis
Minimum Maximum Average
Selling S$0 S$13,788 S$3,093
Rental S$0.00 S$13.89 S$4.27
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