+4

535 Serangoon Road

Farrer Park MRT

6 min (486m)

District 08, Singapore

1 month ago

category

Land with Building

4,015 sqft (land area)

S$1,544.21 psf

For sale

S$6.2 M

Key details

Property Segment

Land

Main Category

Land with Building

District

D08

Lease Expiry

31 Dec 2020

Price per sqft

S$1,544.21

Facilities

Land Size

4015

Air Conditioning

Excluded

Description

**Freehold, Iconic, Strong Capital Appreciation, Conservation Shophouse along Serangoon Road for Sale**

A shout out to investors who want to own a rare, unique, freehold conservation shophouse at Serangoon Road

According to the Urban Redevelopment Authority, 7,000 buildings in Singapore have been given conservation status; out of which, 6,500 are shophouses.  Those are differentiated from HDB shophouses by their location, almost exclusively in Central Singapore, and for half of them, in historical districts (Kampong Glam, Chinatown and Little India). 
They are the legacy of Singapore's past and the settlements of European and Asian cultures on the island. Due to their tasteful and colourful appearance, conservation shophouses offer a tremendous potential for retail.  Shophouse is the most appropriate for small-to-medium companies that seek a "boutique feeling" and a strong identity. 

The latest shophouse market trends show a strong price rise in early 2013, following the Government cooling measures on the real estate market.  Conservation shophouses provide tenants with cheaper premises than strata units and large malls, and guarantee landlords a quality product with a stable, strong capital appreciation.  

Level 1 is F&B approved already by URA and is tenanted to an Indian restaurant

Level 1 and 2 are separate units with individual PUB meters.
This shophouse comes with the following facilities that are already built in:

Level 1 (Est 1700sqft)
1) Built in Wall hole for Exhaust Vent
2) Grease Trap
3) Floor Tiles
4) Aircon
5) Toilets
6) Open-net ready
7) 3-phase 100amp electricity
8) 2x Personal parking lots

Level 2 + Attic (area 1773+542sqft,)
1) Floor Tiles
2) Aircon
3) Toilets
4) Open-net ready
5) 3-phase 100amp electricity
6) Currently tenanted to an event company

Good frontage, grand building and theres surface carpark opposite the unit that can hold around 100 cars.
Investors call me at 86601370 don't wait already!!

Wynn Ng

PropNex Realty Pte Ltd

CEA: L3008022J | R062111D

Response rate: 100%

Calculated using last 10 consumer enquiries in the last 30 days

Wynn Ng

PropNex Realty Pte Ltd

CEA: L3008022J | R062111D

Response rate: 100%

Calculated using last 10 consumer enquiries in the last 30 days
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