SINGAPORE (ERG) - A rare conservation 2 Storey shophouse along east coast road with a land area of approx. 1,600 sqft with an existing approx. build-in area of 2,300 sqft up for sale with a guide pricing of starting from $8mil(Asking $11million - View to offer ).
The shophouse is situated on a full commercial land zone that does not attract any residential buyer or seller stamp duties and/or additional buyer stamp duties, foreigner looking to own a freehold land in Singapore are open to purchase this unique property. Further research from masterplan reveals a land ratio of 3.
URA MASTER PLAN
With a land plot ratio of 3, the new owner/buyer of this shophouse is able to increase the GFA (Gross floor area) to a total build-in area of potentially 4,800 sqft, with an extend to the rear to 4 stories subjected to approval from relevant authorities. The projected rental return yield for this unit is estimated to be between 3.2% to 3.5% when it is fully leased.
LATEST DISTRICT 15 SHOPHOUSE TRANSACTIONS
POSSIBLE TYPE OF USAGE OF SHOPHOUSE
The applicable usage for this shophouse are takeaway shop, retail, commercial school, Gym/Fitness Centre, Laundromat, Office, Pet/ Vet clinic, Amusement Centre, Childcare Centre, Medical Clinic, Service Apartment, Residential, hotel etc subjected to URA's approval.
POSSIBLE CHANGE OF USE TO SERVICE APARTMENT
Located just 2 mins walk from 112 Katong mall,
and 450m away from the future Thomson-east coast line - Marine Parade MRT, which is expected to be completed in the year 2024.
The TEL will bring new connections to commuters living in the east. For example, a resident travelling from East Coast to Orchard will have his journey time cut by almost half, from 75 minutes to 45 minutes.
With the future rejuvenation along east coast expected to be ready in the year 2024, Daniel Chng - Founder of ERG believes that this particular shophouse will attract investors who are looking for future upside on capital gain with strong rental yield.
For more information on shophouse and viewing appointment
Contact Agent
+65 8752 5515
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