Two-storey corner shophouse in Serangoon for sale at $11.8 mil

By
/ EdgeProp Singapore
|
March 17, 2021 2:57 PM SGT
SINGAPORE (EDGEPROP) - A two-storey corner shophouse at 67/67A Serangoon Garden Way is up for sale with a guide price of S$11.8 million, or $4,241 psf on a land area of 2,782 sq ft, according to marketing agent CBRE.
67-67A-Serangoon-Garden-Way - EDGEPROP SINGAPORE
67/67A Serangoon Garden Way (Credit: CBRE)
On a 999-year leasehold, the shophouse enjoys a prominent main road frontage along Serangoon Garden Way. It has a built-up area of 4,165 sq ft, and is currently rented to a bank. The potential owner would therefore be able to enjoy stable rental returns, says CBRE.
The property for sale is zoned for commercial use. No additional buyers’ stamp duty or sellers’ stamp duty will be applicable to the transaction of the property, and both foreigners and companies are eligible to purchase the shophouse.
ADVERTISEMENT
Beyond just receiving the monthly rental, the potential owner can also explore alternative uses for the property, says CBRE. This includes F&B, healthcare or educational institutions, showrooms, retail shops, fitness centres, and home and lifestyle businesses, subject to approval from the relevant authorities.
Prominent highlights in the area include Chomp Chomp Food Centre, Serangoon Garden Market, myVillage at Serangoon Garden, Serangoon Gardens Country Club and the French and Australian International School.
The future Tavistock MRT station on the Cross Island Line, slated for completion in 2030, is about a 12-minute walk from the property.
The public tender exercise will close on May 7, 3pm.
ADVERTISEMENT
Follow Us On
Our Sites
Edgeprop.sg (previously known as The Edge Property Singapore) – is the best property portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On EdgeProp, you will be able to find all the latest news and views, informational guides, historical transactions and rental searches, and research data and analysis.
Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s the most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.
Make better decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property and find properties below market value in Singapore. Meanwhile, discover all things en bloc, including Singapore en bloc news, trends and our En Bloc Calculator, which helps to determine the probability of a Singapore project being put up for collective sale.
Web Version 4.5.102
Aside from that, EdgeProp also offers a market trend tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heat map that lets you find out where all Singapore’s most popular property sales locations are, a HDB lease tool that lets you calculate your HDB tenure, an affordability calculator, and a property watch list to track your preferred Singapore property by project or location, as well as new launches.
On the lookout for undervalued property or buying to rent? EdgeProp’s powerful search filters let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools and childcare centres, or a good-value condo with a sea view – so that you find exactly what you are looking for.