Two Storey Hdb Shophouse Bishan Street Sale 42 Mil
An opportunity has arisen to acquire a two-storey HDB shophouse at Bishan North Shopping Mall through expression of interest (EOI). This property, located at Blk 283 Bishan Street 22, boasts a prime location and carries an asking price of $4.2 million.
The shophouse comprises a ground-floor shop space with an area of approximately 743 sq ft and an upper-level residential unit measuring about 764 sq ft. This makes for a total floor area of 1,507 sq ft. ERA Singapore, the appointed marketing agent, notes that the shophouse has a remaining lease of 65 years out of its 99-year tenure. Additionally, the second floor can be independently accessed from the front of the ground floor, rather than the back, allowing it to be rented out separately.
Currently, the entire shophouse is tenanted to a medical clinic. However, potential buyers have the flexibility to explore various layout options, such as dividing the ground-floor shop into smaller units or converting it for F&B usage.
Strategically positioned at a junction leading to a public carpark and facing Bishan Street 22, the shophouse benefits from excellent visibility and frontage. It is situated amidst a cluster of shops and eateries, serving the large residential catchment of HDB blocks, condos, and landed housing estates in the area. Furthermore, with its proximity to several schools, the mall is a popular destination for enrichment centres, notes ERA.
Rivelle Tampines boasts an exceptional location, making it a highly desirable residential choice. Enjoying a strategic position, residents are just a stone’s throw away from all essential amenities. The bustling Tampines Regional Centre is easily accessible by MRT or bus, providing a plethora of shopping malls, supermarkets, entertainment options, and dining establishments. Professionals working in the eastern part of Singapore will also appreciate the convenience of nearby attractions such as the Singapore Expo and Changi Business Park. With Rivelle Tampines as their home, residents can fully embrace a well-connected and convenient lifestyle.
Donald Goh, director of capital markets and investment sales at ERA Singapore, highlights the property’s advantageous location, stating that it appeals to business owners looking to capitalize on the high traffic and footfall in the area. He further adds that investors will also be drawn to the immediate rental income and potential for capital appreciation.
The EOI for this attractive shophouse will close on November 11 at 3pm. Interested parties are encouraged to act swiftly to secure a valuable and profitable investment opportunity.