01/04/2014
One commonwealth is a sound investment opportunity especially for end users - the estimated break even point is 14 years based on the selling price and current median rental yield.
Investors can also benefit if intending to hold for the 7-8% rental yield until the end of lease (approximately 24 yrs left)
One Commonwealth is very rentable and for the 9th floor units, any rental units will move fast because it is mostly owner-occupied. The 9th floor units have a particular appeal with a design that is contradictory to an industrial feel - it is skewed to a lifestyle office feel, though there are no facilities like pool or gyms.
The mezzanine/loft units come with balcony that overlooks the unique courtyard which has the sense of a row of terraced 'soho's instead of an office or B1 unit. It is particularly suited to trades with a creative skew - such as architects, video productions, events, photography, design / interior design and so on.
The proximity to MRT makes this building as good as any in CBD in terms of connectivity and convenience without the ERP charges.
Units on the 9th floor are a rare buy. If you are in the market, do consider these interesting nits on the 9th floor.
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One Commonwealth (1, Commonwealth Lane)
B1 industrial ramp-up until level 4 with level 5 hourly carpark.
Carpark entitlement : 2 lots per unit
Season parking : $690.00 /quarter or $230 /month
Maintenance approx (to be confirmed) : $738.30 / quarter or $246.10 /month
For more details:
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Zul 96958129