2-story Arab street shophouse for sale with ready tenant
Type of Property
Arab Street is a prime shophouse area. The 2-story shophouse for sale is located in this excellent location with ready rental for 2 years for potential investors.
The ground floor is rented to a restaurant and fetching gross rental as follows:
- $12,500 per month from June 2022 to May 2023
- $13,600 from June 2023 to May 2024
- Part of the ground floor was sub-letted at $6,500 per month but the landlord has not collected the rent from the sub-tenant as yet.
The upper floor of the shophouse has 2 units. One of them is rented as an office. The other unit is still vacant for the new owner to do as he wishes.
The office unit is fetching a gross rental of $3,000 per month. The tenancy period is from 11 August 2021 to 10 August 2023. But if both parties agree, it can be extended another 2 years.
Highlighted features of the property:
- 2-story shophouse in prime Arab Street
- Ready tenant profile
- The restaurant, House of Kebab, is a popular F&B bringing heavy foot traffic.
- The restaurant and the office together fetch $16,050 rental per month
- A security deposit of $36,000 and $6,6000 are collected from the restaurant and the office, respectively, for default protection
Call 85333888 to enquire more about the location and specifics of the property.