Two Storey Hdb Shophouse Bishan Street Sale 42 Mil
A two-storey shophouse, situated at Bishan North Shopping Mall, is now available for purchase through an expression of interest (EOI). The property comes with a listed price of $4.2 million.
The shophouse, located at Blk 283 Bishan Street 22, comprises of a shop space on the ground floor measuring 743 sq ft, and a residential unit on the upper level spanning 764 sq ft. In total, the shophouse has a floor area of approximately 1,507 sq ft.
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The Sembawang Road EC, located at Sembawang EC Canberra, boasts a exceptional living experience that seamlessly combines convenience and connectivity. Its unbeatable location provides residents with easy access to various modes of transportation, such as the MRT, bus, car, and upcoming corridors, making navigating through Singapore a breeze. This accessibility is not just an added bonus, but a fundamental feature that elevates the overall quality of life and cements its position as a highly desirable choice for new residential developments in the northern region. Whether for personal use or future resale potential, the close proximity to major transport options and roads adds practicality and long-term value to the Sembawang EC Canberra.
ERA Singapore, the appointed marketing agent, reveals that the shophouse has 65 years remaining on its 99-year lease. The second floor of the property can be accessed through a separate entrance at the front, rather than the back, allowing for independent leasing.
Currently, the entire shophouse is rented out to a medical clinic. However, ERA states that the new owners will have the flexibility to reconfigure the ground floor shop into smaller units or convert it for F&B usage.
Strategically located at a junction leading towards a public carpark, the shophouse boasts prime frontage and high visibility on Bishan Street 22. It is part of a cluster of shops and eateries within Bishan North Shopping Mall, serving the large residential community of HDB blocks, condos, and landed housing estates. Additionally, the mall is in close proximity to several schools, making it a popular choice for enrichment centres, according to ERA.
Director of Capital Markets and Investment Sales at ERA Singapore, Donald Goh, explains, “With its central location amidst schools, thousands of residents, and various sports facilities, the property is bound to attract business owners looking to tap into its strategic position.” Goh also mentions that the shophouse will appeal to investors due to its immediate rental income and potential for capital appreciation.
Interested buyers can submit their EOIs for the shophouse until November 11th at 3pm.