This is a 6-storey building and built in the year 2001. It is a 999 leasehold property. NFA 17,000 sq ft Asking price S$28 million. Works out to S$1,648 psf. Current total rental is S$720,000 per annum which is approximately 2.57% on 28M. To achieve at least a 5% return, the building is worth at most 15 million. 50% of tenant lease agreement due on 1st January 2008 and at current rate, the rental in the area should be between S$5-6 psf
Located in middle road, 3 minutes walk from the Old Raffles Hoteland 1 minutes away from the New National Library. 3 minites walk
to the Inter-continental hotel
Current ground floor is occupied by a design school
Lift Lobby Entrance to the main building
It has 2 spacious lifts
List of current tenants
23 Middle Road
Bulidng is located just across the Beach Road building which we are waiting for answer
It has a roof garden
1st storey floor plan
3rd Storey Floor Plan
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