There are two freehold shop houses for sale. One is on the along East Coast Road and the other in Geylang. These are launched by tender.
They have bid from S$9.9 million for the East Coast one. The Geylang property from S$4.98 million. PropNex marketing agent Realty published this on Tuesday. The Avenir Singapore on 711 East Coast Road Also has a pupil accommodation. And more importantly, this allows great facilities for many students. So it will be a great place for getting more customers. And there are plenty of local primary schools, secondary schools, junior colleges, and tertiary institutions. Said by PropNex.
With 2,491 square feet(sq ft) area and four-storey property. The total floor area is 7,670 sq ft.
The East Coast shop house is related to retail shops. But there is also student accommodation on the ground floor and also on the higher floors. The most nearest MRT station is the upcoming Siglap station on the Thomson-East Coast Line.
The division director of PropNex Loyalle Chin said, “With an appealing rental yield of over 3 percent and a low per-square-foot (psf) price of around S$1,300 psf, this asset will be considered by high-net-worth individuals with an eye for undervalued investments, as well as family boutique real estate players seeking to expand into hospitality. A neighboring shophouse on 693 East Coast Road was recently sold at about S$2,059psf”
Mr Chin also said about the shophouse on 35 Lorong 11 Geylang occupies a land area of 1,820 sq ft and a full area of 3,225 sq ft.
More likely this two-story approved by beverage activities and also licensed for food business.
The owner of the property is pretty much hopping to “Sale Fast”.
Situated at the point of Sims Avenue and Geylang Lorong 11, the shophouse is about a short distance from MRT Stations.
“Investors seeking strong-yielding assets are expected to enter this year in light of the gradual recovery of Singapore economy and relatively low-interest rates,” Mr Chin noted.
The deadline of the tender closes at 3pm on Jan 30.