Freehold conservation shophouse in Balestier on the block for $4.29 mil

A two-storey property preservation shophouse on Balestier Road in District 12 will be auctioned on Sept 20 with a guide rate of $4.288 million. According to One Global Group, which is dealing with the public auction, it is a proprietor’s sale.

Senja Close EC Residents take pleasure in a tranquil, peaceful setting. The Linear deals a 24-hour security, a swimming pool, and also BBQ pits. Senja Close EC building additionally offers a health club, jacuzzi, steam room, as well as multi-purpose hall. The upscale, main place makes the facility perfect for both family members as well as professionals.

Senja Residences

If you’re a nature lover, you’ll enjoy the Parks in Bukit Panjang. Woodlands Park, for instance, is the best place to experience what Singapore was like prior to it was developed. It’s additionally a fantastic place to see wild animals.

The shophouse has an acreage spanning 1,068 sq ft, which is approved for business and domestic usage. Therefore, foreigners are not eligible to purchase the shophouse, as well as Additional Buyer’s Stamp Duty (ABSD) applies due to the property element.

The shophouse has to do with 700m away from the Toa Payoh MRT Station on the North-South Line. It is additionally within walking range of 2 resorts– Ramada and Days Hotel at Zhongshan Park– which Lim states adds to a stable pool of customer website traffic to the instant vicinity.

The shophouse has a built-up area of 2,036 sq ft. It has actually been well-kept as well as is in move-in condition, says Linda Lim, One Global’s business sales supervisor. “Investors will certainly not require to spend much on renovations unless they wish to transform the existing usages supplied at the site,” she includes.

Currently, the building’s first flooring is leased to a beauty parlor, while the second flooring is rented bent on a corporate lessee. The building will certainly be marketed with the existing occupancies. “Potential owners wanting to purchase this shophouse unit would be able to take advantage of the existing leasing arrangements that remain in place, as well as they can anticipate a steady stream of rental revenue,” states Lim.
She adds that there is potential to increase the residential property’s gross floor area. The site has a gross story proportion of 3.0 and a maximum permitted elevation of 6 floors.