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S$ 4,202,000
S$ 5,500 psf
Est. mortgage S$ 15,045/mo
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Medical Suite for Sale: Novena Medical Center
764 sqft
Sinaran DriveView on map
Newton / Novena (D11)Est. mortgage S$ 15,045/mo
Property details
Property type
Medical Suite
Floor area
764 sqft
Price/sqft
S$ 5,500 psf
Last updated
1 month ago
Description
High Rental YieldPrime LocationStrong Investment ValueTenant RenewedMedical Unit
NMC #11 our tenant had recently renewed with us at 1st yr $13.80/ 2nd yr $14.60 / 3rd yr $15.50psf. Ave of $14.63psf over the 3yrs. This is the highest recent psf.
#11-35 - 764sf
Selling price - $5500psf (subject to management approval)
Yield - 3.2%
Very high for medical units
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High Rental Yield (524)