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Shop in Fareast Level 3 for Take OverThis is a thread in the Letting Go Retail Space forums.Due to lack of manpower and quiting the scene. I have a dayjob, can't cope. I decided to let go ... |
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Senior Member
![]() Join Date: Mar 2008
Location: Singapore
Posts: 96
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![]() Due to lack of manpower and quiting the scene. I have a dayjob, can't cope. I decided to let go of our shop in Fareast Plaza. Below are the monthly rental, first time payment to landlord and misc fees.
You will be signing a new 2 years lease term. Very flexible terms ( No worries if you cannot finish the 2 years. I will tell you more over the phone. ) Takeover date: ASAP Size: About 105 sqf Level 3 Monthly rental: $3250 Deposit: 3 mths Agent fee $1625 Stamp fee $500 Takeover fee $5k (Flooring done less then 3 mths, New paint, New props, counter top, lights, Lightbox Signboard..etc) 1st payment to landlord: 3 mths (deposit) + 1 mth rental for 1st mth, $1625 agent fee + $500 Stamp fee. 5K takeover payable to me. You might wonder why is there a agent fee? Because the surrounding shops are exclusive to a agent that markets for the landlord. You will not be able to lease it from the owner direct. Therefore you must pay half a month rental to the agent. The stamp fee is a must pay when you lease a shop, the bigger your shop, the more expensive the stamp fee will be. Some of the shops in fareast plaza is asking for $10k takeover. We are only asking for $5k. Those interested please PM me with your contact number so that we can chat over the phone to arrange for viewing and answer any of your doubts ![]() |
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