Retail Shop – Concorde Hotel Night Club (SALES) - Commercial

Retail Shop – Concorde Hotel Night Club (SALES) - Commercial

Property Information

Development:                           Concorde Hotel  

Developer:                                NA

District:                                    09

Address:                                   100 Orchard Road. Singapore 238840

Unit Number:                           #02-13/14 (Don’t reflect in Portal)

Tenure:                                     99 years from 17/08/1979 (39 years old)

Completed / TOP:                     Unknown

Type:                                        Retail Shop (Permanently Approved for Night Club up to 6am by URA since 19/2/12)

Land Size / Site Area:               NA

Strata Size / GFA:                     1,206sf (603sf/unnits x 2 units)

Plot Ratio:                                4.9

Unit Location:                           Corner unit (Near Escalator) Next to Gym

Number of Bed rooms:              NA

Number of Toilets:                    No toilet inside retail unit, use common toilet in the building

Directional Facing:

-        Door Facing:                 North-East (13 deg N)

-        Window Facing:           South-West

View Facing:                            Orchard Road

Level:                                       Low Floor (#02)

Ceiling Height:                        

Viber Ready:                           

Occupancy:                              Vacant / Tenanted / Owner Occupied

Condition:                                Fully Fitted for Night Club

Aircon Hour:                            No Limit (Individual, not Building)

Frontage:

Location Amenities:                  MRT (Dhobby Ghuat 0.36km) 5min Walk. Eateries, Orchard Shopping Belt

Maintenance Charges:               $675/unit (675 x 2 units = $1350)

Unit Parking Entitlement:          Season Parking

Season Parking:                       

Parking Entitlement:                  First come First serve

Total Number of Units:             Unknown

Facilities:                                  NA

Electrical Loading:                    3 Phase, 230/240V

Floor Loading:

Other Description:                    

Seller need Extension:               No

Need Contra:                            No

Transaction / Pricing Information

Asking Price:                            $7.2M

Closing Price:                          

GST:                                        No

X-Value:                                  Not Available

Transacted Price Range:                        $2,543 to $4,029psf (based on land size)

Number of Listings:                  131 listings (based on Freehold)

Listing Price Range:                  Based on GFA

Frequency of Transaction:         1 units in 4-5 year

Tenancy Information (If Tenanted)

Monthly Rental:                        $22,000 (Fully Fitted as Night Club with KTV and Liquor license)

Tenancy Period:                        3 years (Apr 2018 to Apr 2021)

Tenancy Expiry:                        Apr 2021

Tenant Company Name:

Tenant Trade:                           Night Club, KTV
Length of Occupancy till now:   New Tenant just started. Previous Night Club tenant retired

Rental Yield:                            3.67% (based on 7.2M)

Owner Name:                           Connie

Private Info:                              No record from SRX