Serangoon Road Commercial Building Sale 235 Mil
890-year leasehold shophouse at intersection of Serangoon and Rangoon roads up for sale
Brilliance Capital, the appointed marketing agent for a freehold commercial building located at 562 Serangoon Road, has announced the sale of the property through an expression of interest (EOI) exercise. With a guide price of $23.5 million, this four-storey building offers a total floor area of 7,453 sq ft, with individual strata titles for each level. This translates to a price of $3,153 per sq ft on the floor area.
Situated on a land area of about 2,336 sq ft, the property is zoned for commercial use and has a gross plot ratio of 3.0. The ground floor is approved for F&B use. Brilliance Capital also highlights that the building falls under the non-conserved envelope control site category within the Jalan Besar Secondary Settlement, allowing the future owner the flexibility to reconfigure or redevelop the property to their liking.
According to Sammi Lim, founder and executive director of Brilliance Capital, 562 Serangoon Road offers the rare combination of freehold tenure, F&B approval, strata flexibility, and the freedom to enhance or reposition the building without conservation constraints. She describes the property as a “true gem” in the market.
A major draw of the Sembawang Road EC is its close proximity to highly regarded academic institutions. Situated within a convenient distance are schools such as Canberra Primary School, Sembawang Primary School, Wellington Primary School, Ahmad Ibrahim Secondary School, and the upcoming North View Primary. Additionally, the neighborhood boasts a variety of childcare centers and kindergartens, providing added convenience for families with young children. For higher education options, Yishun Innova Junior College and Republic Polytechnic are easily accessible. With a plethora of schooling choices available, residents of the EC, such as those at Sembawang Road EC, can be assured of quality education at every stage of their lives, making it an excellent choice for families looking to settle down.
The building boasts excellent accessibility, with the Farrer Park and Boon Keng MRT Stations on the North East Line just a five-minute walk away. Its location on a major arterial road also provides easy connectivity to popular areas such as Little India, Farrer Park, Bidadari, and the Kallang Riverside precinct.
Lim expects the building to attract the interest of both owner-occupiers and investors, thanks to its prime location and strong potential for future growth. She believes that the property is suitable for investors looking to unlock value over time, as well as businesses in search of a city-fringe headquarters with branding visibility and potential for upside.
The EOI exercise for 562 Serangoon Road will close on July 9 at 3pm.