I am looking at Frontier's property listing, $880,000/mth, what do you think about this?

$880,000
0/0
Frontier
[object Object]
$ 880,000
Property Type Light Industrial (B1)
Size 2150 sqft
Psf S$ 409
Project Frontier
Tenure ----
Top ----
Address 52 Ubi Avenue 3, D14, 408867
Updated 2396 days ago
Jinwei Zhang
HUTTONS ASIA PTE LTD
CEA: L3008899K / R050177A
Call: 8666 xxxx
Description
Property Info
  • Is Tenanted: not
  • Furnishings: Partially
  • Electric Supply: 145 kVA(3 Phase)
  • Celling Height: 5.5 meters
  • Parking Lots: 2
  • Parking Fees: 3 season carpark
  • Total Cargo Lifts: 1
About This Listing
Available for investment purchase. Tenanted out for 2 years. Yield at 4.5%. 41 years lease left.
23 years to recoup capital and free cash flow of 18years of $700,000.

B1 ramp up. Private 2 parking lots
Vacant possession. Delivered bare
HIgh ceiling height of up to 6m
Direct loading and unloading. Can accommodate 20-footer access
Attached toilet

Just 800m to UBI downtown line. (10min walk)

Subjected to GST