Singapore

Sell a Business

Listing ID: 604 Last Refreshed: 26/05/2019 Total Views: 14581

Business Office Space W Subtenants (Leasing Business) For Takeover

Kallang/Whampoa

Asking Price: S$40,000
Business Office Space W Subtenants (Leasing Business) For Takeover
  • Premise Type N/A Premise Size 3000sqft
  • Monthly Rental S$6,670 Rental Desposit S$13,340
  • Revenue Under S$5K Cash Flow Under S$5K
  • Gross Profit Under S$5K Net Profit Under S$5K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE S$15,000*** Established 1999
  • Owner Role Full Time Staff 3
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Tim Wong

Reason For Sale

Owner moving to new office

Description

Current office space is divided into 1,500 sqf for own use, and the other 1,500 sqf subdivided / rented out to subtenants. Passive income from tenants is $6,500 / month, essentially covering the rental of $6,600 currently.

New owner can make use of existing 1,500 sqf space for his own use, or further rent it out to other tenants, and keep remaining space for his own use. If further rented out, it'll be passive income for the new owner.

Lease duration is 2 years, or can be earlier if assignment is completed earlier.

Current landlord will transfer all subtenants to the new owner. In the event that any tenant leaves, current owner will guarantee and pay 1 x month's rental.

There will be also be agents to help market the unit for rental, if such services and support is required.

Your investment will roll back in 6 months. Owner is assigning it over as we have too many other locations to handle, and we are moving to a new place in a few month's time. All renovation, furnishing and equipment will be transferred to the new business owner.

Please call or email for more information.

Business Operation

Remaining space (1,500 sqf) can be sublet to another tenant if new owners decides not to use the space.
Expansion Potential
Yes, proper handover will be given
Supporting and Training
Some experience in handling tenants, and knowledge for leases will be useful.
Background & Skills

Property Information

Rent
Premise Status
2 years
Lease Term

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