28 Feb '13, 2am

Petrol station up for sale | | CommercialGuru | #property #commercial #forsale #singapore

) at No. 158 Yio Chu Kang Road is up for sale by Expression of Interest (EOI), said marketing agent Savills. Currently, the 13,394 sq ft property is leased as a Shell petrol service station. Zoned for “transport facilities” use under the 2008 Master Plan, the site offers a 40m wide frontage. “When leased to an operator for use as a petrol station, the property makes for a good hassle free income investment,” noted Steven Ming, Deputy Managing Director and Head of Investment Sales at Savills. “The owner may even be open to consider the sale on a 30-year leasehold basis.” Moreover, the site may also be redeveloped for other uses subject to approval by the authorities. The additional buyer’s stamp duty (ABSD) and seller’s stamp duty (SSD) do not apply to this property as it’s neither residential nor industrial. The EOI exercise for the property will end on 27 March. Image: CG...

Full article: http://www.commercialguru.com.sg/property-management-news...

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