Leasehold estate, expiring 2025
(with an option to renew for a further term of 30 years)
Acquisition Date
13 October 2003
Net Lettable Area
7,230 sqm
Book Value (1)
$14.2 million
Purchase Price
$13.5 million
Vendor
Ghim Li Holdings Co Pte Ltd
Valuation (2)
$15.0 million
Major Tenants
Ghim Li Global Pte Ltd
Notes:
(1) As at 31 May 2004
(2)
As at 1 June 2004 . The valuation was based on the Income Method, Direct Comparison Method, Replacement Cost Method & Discounted Cash Flow Analysis
