A prime investment opportunity has arisen with the sale of a three-storey freehold shophouse located at 235 East Coast Road, listed for a guide price of $15.5 million. The investment translates to approximately $3,703 per square foot based on a built-up area of around 4,700 square feet, presenting a favorable entry point for discerning investors. The property is strategically positioned in a vibrant commercial zone, making it appealing to both local and expatriate clientele looking for retail and dining options in a highly desirable area.
Zoned for commercial use under the 2019 Urban Redevelopment Authority (URA) Master Plan, the shophouse boasts a plot ratio of 3.0. This regulatory framework allows for the potential expansion of the gross floor area (GFA) to 5,716 square feet through permitted addition and alteration works. Such flexibility offers investors the opportunity to enhance the property’s value and utility, catering to evolving market demands. The shophouse’s conservation status further elevates its appeal, providing a distinctive character and charm that resonates well with consumers and enhances its marketability.
The East Coast Road area has consistently been recognized for its robust demand for commercial properties, driven by a combination of high foot traffic and a diverse demographic. With a strong mix of residential developments, recreational facilities, and dining establishments, this locality remains a focal point for both residents and visitors.
Given the ongoing trends in commercial real estate, this shophouse presents a timely opportunity for investors looking to capitalize on the growth potential within the region. The sale is being conducted through an Expression of Interest (EOI) exercise, with submissions due by July 16. This timeline allows for prospective buyers to conduct thorough due diligence and consider the property’s fit within their investment strategies.
With no Additional Buyers Stamp Duty (ABSD) or Sellers Stamp Duty (SSD) applicable to foreign buyers, the shophouse is positioned as an attractive investment vehicle for international investors seeking to enter the Singapore market without the encumbrances typically associated with property transactions.
Potential investors are encouraged to seize the opportunity presented by this shophouse. The combination of its prime location, conservation status, and the ability to expand the property’s GFA aligns well with the current commercial property trends in the East Coast area.
As urban landscapes evolve and consumer preferences shift, such properties are likely to see increased demand and appreciation in value over time. In conclusion, the sale of this three-storey freehold shophouse at 235 East Coast Road represents a lucrative investment opportunity that is well worth consideration for those looking to enhance their property portfolios in a thriving commercial hub.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new condo launch featuring a variety of unit types, ideal for both individuals and families.
The River Green project emphasizes modern living with eco-friendly designs, ensuring energy efficiency.
Interested buyers can explore the River Green Floor Plan and pricing options through the available River Green E-brochure.
The development also boasts impressive amenities, including a swimming pool and gym, promoting a vibrant lifestyle.
Additionally, residents benefit from its strategic location near major transport links.
View River Green Showflat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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