Retail Shop – Adelphi Night Club (SALES) - Commercial

Retail Shop – Adelphi Night Club (SALES) - Commercial

Property Information

Development:                           The Adelphi (Close at 10pm)

Developer:                                Capital Land

District:                                    06

Address:                                   1 Coleman St, Singapore 179803. Mgmt Office: 63399179

Unit Number:                            #B1-32 (Don’t reflect in Portal)

Tenure:                                     999 years from 12/05/1828

Completed / TOP:                     Unknown

Type:                                        Retail Shop (Approved for Night Club up to 4am by URA)

Land Size / Site Area:               NA

Strata Size / GFA:                     4,091sf

Plot Ratio:                                7.0 (Full Commercial Building)

Unit Location:                           Corner unit (Near Escalator)

Number of Bed rooms:              NA

Number of Toilets:                    1 Male, 1 Female (plus common toilet in the building)

Directional Facing:

-        Door Facing:                

-        Window Facing:          

View Facing:                            No View because located at Basement 1

Level:                                       Low Floor (#B1)

Ceiling Height:                        

Viber Ready:                           

Occupancy:                              Vacant / Tenanted / Owner Occupied

Condition:                                Fully Fitted for Night Club

Aircon Hour:                            No Limit (Individual, not Building)

Frontage:                                  Good Frontage

Location Amenities:                  MRT (City Hall 0.28km) 5min Walk. Eateries, Shopping Belt

Maintenance Charges:               $

Unit Parking Entitlement:          Season Parking (382 parking lots, 4 basement levels of parking space)

Season Parking:                        $ (Car part close from 1am to 6am)

Parking Entitlement:                  First come First serve

Total Number of Units:             Unknown

Facilities:                                  NA

Electrical Loading:                    3 Phase, 230/240V

Floor Loading:

Other Description:                     Stage, 24 KTV Rooms?

Seller need Extension:               No

Need Contra:                            No

Transaction / Pricing Information

Asking Price:                            $13.5M

Closing Price:                          

GST:                                        No

X-Value:                                  Not Available

Transacted Price Range:                        $1,858psf (#03) to $4,761psf (#01)

Number of Listings:                  33 listings (based on Freehold)

Listing Price Range:                  $2,876psf to $4,000psf

Frequency of Transaction:         5 sales per year

Tenancy Information (If Tenanted)

Monthly Rental:                        $36,000 (432,000/year) (Fully Fitted as Night Club with KTV and Liquor license)

Tenancy Period:                        3 years (Sep 2015 to Sep 2018)

Tenancy Expiry:                        Sep 2018

Tenant Company Name:

Tenant Trade:                           Night Club, KTV
Length of Occupancy till now:   2 and half year

Rental Yield:                            3.2% (based on 7.2M)

Owner Name:                           Rajesh

Private Info:                              Bought 9.7M (2371psf) on 30 Sep 2015