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The building consists of a ground floor showroom, a mezzanine, two upper floors with office spaces and a basement. The ground floor area showroom is 400 sqm approx. plus 200sqm the mezzanine and 700 sqm the basement. The 1st and 2nd floor of the building has total area of 700sqm. It is noted that the ground floor and the mezzanine level is rented for 2000 month while the rest of the building is vacant. By renting out all the units of the building, the property can offera high yield of over 5%.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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