Five Hdb Shophouses Market 42 Mil
A portfolio of five HDB shophouses has hit the market with a guide price of $42 million. These properties will be sold through an Expression of Interest (EOI) exercise managed by SLP International Property Consultants, the exclusive marketing agent.
Rewritten:
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The first property, located at 720 Ang Mo Kio Avenue 6, is an 86-year leasehold shophouse with about 55 years left on its lease. The two-storey building features a 1,314 sq ft commercial unit on the ground floor and an 882 sq ft three-bedroom flat on the upper floor. The commercial unit is currently leased to a convenience store, while the flat has been divided into four individual units and fully tenanted. This unit boasts a double frontage of approximately 25m and is conveniently situated near Ang Mo Kio MRT station and bus interchange, as well as other amenities such as health clinics, an NTUC supermarket, and various bank branches. The shophouse at 720 Ang Mo Kio Avenue 6 is priced at $11.38 million.
Read also: Eight HDB shophouse units at Bras Basah, Geylang and Kallang put up for sale from $19.5 mil
The second property, located at 183 Toa Payoh Central, is a 103-year leasehold shophouse with about 51 years remaining on its lease. This two-storey building comprises a 530 sq ft commercial unit on the ground floor and a 710 sq ft residential unit on the upper floor, complete with a built-in toilet. Situated at a corner, this shophouse is surrounded by HDB housing estates and in close proximity to HDB Hub, Toa Payoh MRT station, and Toa Payoh bus interchange. The asking price for this unit is $6.5 million.
The third property is a single-storey HDB commercial space located at 492 Jurong West Street 41. This 2,300 sq ft unit is made up of three amalgamated units and is currently tenanted to a grocery store. The prominent single-level frontage of this unit makes it easily noticeable from the busy junction of Jurong West Avenue 1 and Jurong West Street 41. This location benefits from high street-level visibility and high pedestrian footfall, and is situated near Jurong Central Plaza and Jurong Green Community Club. The property is listed at an asking price of $9 million.
The fourth property is another single-storey HDB commercial unit situated at 38 Teban Garden Road. This 103-year leasehold property has approximately 60 years remaining on its lease and features a 720 sq ft space next to Teban Gardens Market, an NTUC FairPrice, and a Sheng Siong supermarket. The asking price for this unit is $2.2 million.
The fifth property is a single-storey HDB commercial unit located in Jurong East Central. This 115-year leasehold unit has about 74 years left on its lease and covers 2,809 sq ft of space. Its triple frontage exposure faces the upcoming mixed-use development J’den, which is situated next to the Jurong East MRT Interchange. The asking price for this unit is $13 million.
Read also: Two HDB shophouses in Toa Payoh and Ang Mo Kio going for $51 mil
All five of these properties present excellent investment opportunities for prospective buyers, thanks to their prime locations and promising rental yields. Interested parties are invited to submit their bids through the Expression of Interest exercise managed by SLP International Property Consultants.