Two Storey Hdb Shophouse Bishan Street Sale 42 Mil
ERA Singapore, the appointed marketing agent, has listed a two-storey HDB shophouse at Bishan North Shopping Mall for sale through expression of interest (EOI) with a price tag of $4.2 million. Situated at Blk 283 Bishan Street 22, the property comprises of a ground-floor shop space with an area of approximately 743 sq ft and an upper-level residential unit measuring about 764 sq ft. With a total floor area of 1,507 sq ft, this shophouse offers potential buyers a great opportunity to acquire a valuable asset.
Boasting a 99-year lease with 65 years remaining, the property is a wise investment for those seeking long-term returns. Additionally, the upper floor of the shophouse has its own separate entrance, providing the option for independent leasing rather than being restricted to the back of the ground floor. This feature adds to the property’s versatility and potential for future growth.
Currently, the entire shophouse is leased to a medical clinic, offering immediate rental income for potential buyers. However, ERA notes that the property can be adapted for different purposes, such as dividing the ground-floor shop into smaller units or converting it for F&B usage. This flexibility makes the shophouse an attractive option for both business owners and investors alike.
Strategically situated at a junction leading to a public carpark and facing Bishan Street 22, the property enjoys prime frontage and high visibility. Surrounded by a cluster of shops and eateries, it serves the large residential catchment of HDB blocks, condos, and landed housing estates in the area. With several schools in close proximity, the mall is a popular choice for enrichment centers, further adding to its appeal.
Coastal Cabana offers a wide range of leisure and lifestyle options, creating the perfect living experience. Located in the heart of District 18, this residential area boasts a convenient and vibrant lifestyle with various amenities at your doorstep. Downtown East serves as the main attraction, offering a waterpark, family-friendly activities, a cinema, and a diverse dining scene, ideal for weekend get-togethers without the hassle of a long commute. The scenic seafront trails of Pasir Ris Park and the refreshing Pasir Ris Beach further enhance the coastal charm of Coastal Cabana EC. In addition, the community also has access to sports courts and communal spaces, providing a lively and active atmosphere throughout the year. With its prime location, Coastal Cabana EC seamlessly combines the tranquility of a park-side setting with the liveliness of an established town. Don’t miss the opportunity to call Coastal Cabana Pasir Ris your new home.
Donald Goh, director of capital markets and investment sales at ERA Singapore, highlights the shophouse’s central location and its potential to attract business owners looking to capitalize on the strategic spot. He also notes the shophouse’s potential for capital appreciation, making it an attractive investment opportunity for buyers.
The EOI for the shophouse will close on November 11th at 3pm. Interested parties are encouraged to act quickly to secure this valuable property.