I am looking at Vertex's property listing, $1,200,000/mth, what do you think about this?

$1,200,000
0/0
Vertex
$ 1,200,000
Property Type Light Industrial (B1)
Size 2239 sqft
Psf S$ 536
Project Vertex
Tenure 60 Years
Top ----
Address 33 Ubi Avenue 3, D14, 408868
Updated 2461 days ago
Eric Gan
McKinsey Morris (Singapore) Pte Ltd
CEA: L3009496C / R003804D
Call: 8448 xxxx
Description
Property Info
  • Is Tenanted: Yes
  • Tenure: 60 Years
  • Furnishings: Fully
  • Electric Supply: 104 kVA(3 Phase)
  • Floor Loading: 7.5 kN/m²
  • Celling Height: 4 meters
  • Parking Lots: 2
  • Parking Fees: Qty 2 (Free) Private car park lots
  • Total Cargo Lifts: 4
  • Total Passenger Lifts: 8
  • Air-conditioning: Include
About This Listing
For Sale with tenancy
B1 Light Industry,
2,239 sqft
Ramp-up unit with 2 private carpark lots
Fully fitted unit
Complete with 3 Manager's room, Meeting room, Work stations, pantry, aircon, Sore room, Tile flooring, Cat 6 cabling, etc.

Tenanted at $4,688 plus GST per month till Jan 2020
High rental yield of 4.7%
Asking : $1.21m (negotiable)

Option to purchase a bigger size unit of of 4,478 sqft or 6,717 sqft
Asking : $2.4m and $3.6m (negotiable) respectively
Amenities
Indoor
  • Meeting Rooms
  • Restrooms
  • Air conditioner
  • Column Free
  • Pantry
  • Handicap-friendly
Outdoor
  • Cat 5 Cabling
  • Loading Bay
  • 24-Hour Access