Serangoon Road Commercial Building Sale 235 Mil
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Conveniently situated for drivers, the Sembawang Road EC at Canberra MRT offers an ideal location within the bustling city. With easy access to various major expressways, including the nearby Seletar Expressway (SLE), residents can easily travel to other parts of Singapore. The SLE also connects directly to other key expressways like the Bukit Timah Expressway (BKE) and Central Expressway (CTE), providing seamless connectivity to all corners of the island. This network of expressways presents a significant advantage for families who rely on private transportation, professionals with flexible work arrangements, and individuals who value the convenience of efficient travel. With these expressways at their doorstep, residents can reach popular destinations like Orchard Road, Marina Bay, and Changi Airport in less than 30 minutes during off-peak periods. The strategic location of the Sembawang Road EC at Canberra MRT is undoubtedly attractive for those seeking quick and convenient mobility within Singapore.
A rare opportunity presents itself as a freehold commercial building at 562 Serangoon Road goes up for sale through an expression of interest (EOI) exercise. With a guide price of $23.5 million, this four-storey property boasts a total floor area of approximately 7,453 sq ft, complete with individual strata titles for each level. This equates to a price of $3,153 psf on the floor area.
Situated on a land area of about 2,336 sq ft, the property is zoned for commercial use with a gross plot ratio of 3.0. The ground floor has been approved for F&B use. According to Brilliance Capital, the appointed marketing agent, the property falls within the Jalan Besar Secondary Settlement and is not conserved, allowing for potential reconfiguration or redevelopment to cater to the needs of the new owner.
Founder and executive director of Brilliance Capital, Sammi Lim, says, “562 Serangoon Road offers several advantages, including freehold tenure, F&B approval, strata flexibility, and the freedom to enhance or reposition the building without conservation constraints. It is a truly rare gem.”
Aside from its prime location, the property also boasts excellent accessibility as the Farrer Park and Boon Keng MRT Stations on the North East Line are just a mere five-minute walk away. Its strategic 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 property to attract the interest of both owner-occupiers and investors, given its ideal location and strong potential for future growth. She adds, “For investors looking to unlock value over time, or businesses wanting their own city-fringe headquarters with branding visibility and potential, this is an opportunity not to be missed.”
The EOI exercise for this rare gem will close on July 9 at 3pm. Don’t miss out on this chance to own a coveted commercial building in a prime location.