Want to diversify your property portfolio, and invest in commercial property?
Regardless of whether you’re thinking of purchasing a retail store, a warehouse, or even an F&B unit, you’ve got plenty of options. In this article, we round up 5 great commercial properties that you can buy for under $1 million!
#1: This retail shop at One North Residences
Nearest MRT: one-north
Size: 336 sq ft
Sale price: $850,000
PSF sale price: $2,529.7
With retail businesses, location is everything. If you’re thinking of purchasing a retail store, you’ll want to look for one that is conveniently located and gets plenty of foot traffic, such as this shop at One North Residences.
What’s so great about this shop unit? Well, since it’s located within a condominium, it’s strategically positioned to serve the needs of thousands of residents.
If you’re planning to resell the unit further down the road, then the excellent location of the store will help you turn a better profit. Assuming you intend to run the business, the strategic location also works out to your favour.
#2: This F&B unit at Textile Centre
Nearest MRT: Lavender, Nicoll Highway
Size: 505 sq ft
Sale price: $735,000
PSF sale price: $1,455.5
Always wanted to run an F&B stall? For just $735,000, you can be the proud owner of this F&B unit at Textile Centre, Jalan Sultan.
Full disclosure: the stall is a tad old-school, and could do with some renovating, but on the bright side, it’s equipped with an alcohol license that allows you to sell beer until 3am. Just off the tops of our heads, we’re thinking: retro watering hole where friends can meet to have a pint and some yummy bar grub.
#3: This coffee shop at Changi Village
Nearest MRT: Pasir Ris
Size: 3,150 sq ft
Sale price: $600,000
PSF sale price: $190.5
If you’re dreaming bigger than a single F&B stall, check out this coffee shop that’s available for takeover at Changi Village.
The coffee shop consists of eight stalls in total, and it’s Halal-certified, which expands your potential pool of customers. On top of the takeover fee, you’ll have to pay $3,000 for royalty each month, but you get to keep and use all the equipment, and you can continue running the coffee shop with zero fuss.
#4: This retail store at Peninsula Shopping Complex
Nearest MRT: City Hall
Size: 301 sq ft
Sale price: $820,000
PSF sale price: $2,724.2
Peninsula Shopping Complex might not be the newest mall on the block, but it’s still going strong, and it commands a steady flow of foot traffic everyday.
If you’re thinking of buying a retail unit, consider getting this store at Peninsula Shopping Complex. The unit comes with air-conditioning, and since it’s located right smack in the middle of town, commuting to and fro will be a breeze.
#5: This warehouse at Oxley Bizhub
Nearest MRT: Tai Seng
Size: 1,916 sq ft
Sale price: $938,000
PSF sale price: $489.6
If you’re looking for a warehouse space that can double up as a makeshift office, check out this seriously stylish warehouse unit at Oxley Bizhub.
There are plenty of things to love about this unit. First and foremost, the mezzanine unit is modern and aesthetically pleasing; it features trendy brick walls, wooden storage panels and a black staircase and fittings.
Secondly, purchasing the unit gives you access to the lap pool, gym and eco garden located within Oxley Bizhub. Last but not least, Oxley Bizhub is a stone’s throw away from Tai Seng MRT, which makes it easy for you to get around using public transport.
If you found this article helpful, 99.co recommends 5 commercial properties Singaporeans secretly wish they own and Should I Take Over a Commercial Property?