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RetailBX.sg (https://retailbx.sg/index_forum.php)
-   Retail Space Rental Rates Discussion (https://retailbx.sg/f37/)
-   -   Far East Plaza Rental Rate (https://retailbx.sg/f37/far-east-plaza-rental-rate-1418/)

christinewsy 03-07-2008 05:59 PM
Re: Far East Plaza Rental Rate
 
For your info, Far East Plaza units under Far East Organisaztion requires 3+1 rental meaning, 3 times rental deposit and 1 month advance. Subletting is not allowed in the tenancy agreement.
Rate: $35-$40 per sqft for good location.

In order to share you must 1st obtain landlord's agreement, also, you need to get a bigger unit in order to have enough to share.

Bigger units meaning Bigger start up capital.

thegifthaven 03-07-2008 10:15 PM
Re: Far East Plaza Rental Rate
 
yeah, considered that into the plan. btw, how much did yr reno cost? I estimated ard $50k. Is it enough?

christinewsy 04-07-2008 12:49 AM
Re: Far East Plaza Rental Rate
 
My reno is cheap, if you need the lobang just pm me, you dun need 50K lah... around 20 is more than enough. I used to work in reno company.

Jasmine 04-07-2008 07:44 AM
Re: Far East Plaza Rental Rate
 
Perhaps doing it discreetly will be fine. For example, if your shop is selling fashion apparrel, I will make sure whatever things I wish to sell, it is related to fashion eg. handmake wallet, the landlord wouldn't know that it is subletting.

Quote:
Originally Posted by christinewsy (Post 6384)
For your info, Far East Plaza units under Far East Organisaztion requires 3+1 rental meaning, 3 times rental deposit and 1 month advance. Subletting is not allowed in the tenancy agreement.
Rate: $35-$40 per sqft for good location.

In order to share you must 1st obtain landlord's agreement, also, you need to get a bigger unit in order to have enough to share.

Bigger units meaning Bigger start up capital.

thegifthaven 06-07-2008 12:13 AM
Re: Far East Plaza Rental Rate
 
Thanks, Jasmine, maybe let's meet up for coffee, say next Friday evening to discuss? See whether we can do something together. I'm currently looking at FEP, Heeren, City Hall. Those keen, please pm me. Thanks!


Quote:
Originally Posted by Jasmine (Post 6379)
Hi thegifthaven,

I like your idea of you being the main tenant and others just simply lease a small space from your shop with a specific period, it is a win win situation for you and for others who are afraid of long term commitment.

So which location do you intend to be rooted and how are you going to allocate space and how long. I pretty much like your idea.

May be those who are interested, should meet up for coffee and discuss seriously on this idea.

Cheers
Jasmine

pokerface 06-07-2008 12:45 AM
Re: Far East Plaza Rental Rate
 
try not to mess with the mcst lor. they can make ur life pretty difficult -_-" know of some f&b shops at level one having a hard time now

clefchen 07-07-2008 10:07 AM
Re: Far East Plaza Rental Rate
 
The rental is pretty expensive and also far east customers tend to bargain a lot.
Is a good thing that you guys can do a market research 1st in order to go into far east. Base on my exp, level 1 usually has the most traffic but mainly for low price items.

sisters_triumph 09-01-2009 12:27 AM
Re: Far East Plaza Rental Rate
 
Tried out Far East Plaza in 2006, it was HORRIBLE. Made barely enough for the sky high rental and pathetic small space. My partner and i practically struggled to maintain our shop. Thank God for our part time jobs.
Managed to hold out for 6 months before we rented it out.
Customers were expecting prices from as low as $10 for a piece of sequin top!

skythelimit 09-01-2009 01:12 AM
Re: Far East Plaza Rental Rate
 
Got a biz man advised me when u want to calculate returns, u cannot calculate the rental over the nos. of days in the monthsl. Should be rent divide nos. of weekends n public holiday and how much takings those days to breakeven to make a profit or u end up losing money - does this make sense? What he meant is get your maths right before committing in a lease.

whuzzz 13-01-2009 03:52 PM
Re: Far East Plaza Rental Rate
 
i'm interested to share shop space.. pm me with more details. thanks.


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