Restaurant Approved Strata Unit Greenwood Ave Going 88 Mil
A prime District 11 ground floor strata unit of a freehold two-storey shophouse located at 24 Greenwood Avenue is currently being offered for sale at a price of $8.8 million. This restaurant-approved strata unit occupies a total area of 1,539 sq ft and the asking price translates to approximately $5,718 per sq ft.
The exclusive marketing agent for this property is Wilkie Tay and Richard Tan, directors at PropNex Shophouse Elites (PSE). According to a press release by PSE, the restaurant unit also includes a 100 sq ft outdoor dining area.
The upper floor of the two-storey shophouse is designated for residential use and has a separate staircase entrance. Recent commercial transactions along Greenwood Avenue indicate a growing demand for properties in this area.
Richard Tan, who is the founder of PSE, states that the ground floor unit for sale is currently leased until mid-2026 and will be sold with the existing tenancy. He believes that this will provide the new owner with a stable source of rental income.
Tan adds that the location of 24 Greenwood Avenue within the Hillcrest landed residential estate draws high foot traffic, while its proximity to schools such as National Junior College and Raffles Girls’ Primary School adds to its appeal. The property is also conveniently located near two supermarkets.
An Expression of Interest exercise for the strata unit will run until Nov 15. Interested parties are encouraged to submit their offers by then.
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