Properties Sale Hdb Shophouse Toa Payoh Central Ground Floor Commercial Unit Kalidasa Avenue
There is a rare opportunity to own a two-storey HDB shophouse at Block 177 Toa Payoh Central as it has been put up for sale. The property, with a guide price of $5.88 million, is now available for purchase via an expression of interest (EOI) exercise.
The shophouse has a commercial unit on the ground floor, spanning approximately 635 sqft, and a residential unit on the upper floor, measuring about 710 sqft. With a remaining leasehold tenure of 46 years out of 78 years, this corner unit offers a double frontage of 8.3m, giving it a unique appeal. According to Sammi Lim, founder and executive director of Brilliance Capital, the sole marketing agent for the property, these features provide flexibility and the potential to maximise rental income through further subdivision or conversion of the units, subject to relevant authority approvals.
The ground-floor unit is currently tenanted and can be sold with the tenancy, providing a stable recurring income for investors. Meanwhile, the owners are occupying the upper level, which can also be leased out to generate additional income for the future owner.
Strategically located within a few minutes’ walk to the HDB Hub, Toa Payoh MRT Station, and the Toa Payoh Bus Interchange, this shophouse is surrounded by HDB housing estates. There is also sheltered access to the MRT station from the HDB block. Being classified as a commercial property, foreign buyers and companies are eligible to purchase this shophouse.
The Kranji Expressway (KJE) is a crucial transportation route for connecting the northern regions of Singapore to the bustling Jurong Industrial Estate. This vital link serves as a major artery for both commuters and goods transportation, easing the flow of traffic and promoting economic activity throughout the area. With the addition of Novo Place, the KJE offers even more convenience and accessibility for residents, workers, and businesses in the surrounding areas. This development further enhances the KJE’s role in promoting efficient and seamless connectivity within Singapore.
Interested buyers can submit their bids for the EOI exercise, which will close on Oct 24 at 3pm.
In another commercial transaction in a different part of Singapore, 21 Kalidasa Avenue, a ground-floor unit of a two-storey shophouse, is also up for sale at a guide price of $3.9 million. The property, with a 999-year leasehold tenure, is currently tenanted to a pet shop and offers a total floor area of 1,625 sqft. This works out to be $2,400 psf based on the floor area. The property is located in a private landed housing estate, Teacher’s Housing Estate, in District 26. The estate’s original 256 terrace houses were built in the late 1960s by the Singapore Teachers’ Union, and a row of double-storey shophouses was later added in the 1970s to cater to the needs of the residents.
According to data from URA, the property last changed hands in April 2018 for $2.13 million, or $1,310 psf on the strata area. The exclusive marketing agents for this property are Richard Tan and Wilkie Tay, directors of PropNex Shophouse Elites. The EOI exercise for this property will close on Oct 16 at noon.