A prime investment opportunity awaits with the sale of a three-storey freehold shophouse at 235 East Coast Road, listed for $15.5 million. This property translates to approximately $3,703 per square foot, based on a built-up area of around 4,700 square feet. Whether you’re an experienced investor or new to the market, this shophouse presents an enticing option that combines both commercial potential and the charm of conservation property status.
Zoned for commercial use under the 2019 Urban Redevelopment Authority (URA) Master Plan, the shophouse allows for a plot ratio of 3.0. This means you could potentially expand the gross floor area (GFA) up to 5,716 square feet through approved addition and alteration works. Imagine the possibilities: enhanced retail space, office opportunities, or even a trendy café in a bustling area. The flexibility this property offers is a significant draw for investors looking to capitalize on the thriving East Coast locale.
The conservation status of this shophouse not only enhances its aesthetic appeal but also adds considerable value. Located in a highly sought-after area, the property attracts both local residents and expatriates, ensuring a robust catchment for any business you may wish to establish. With a rich history and architectural significance, a conservation property like this one is bound to stand out in the competitive market.
The sale is being conducted via an Expression of Interest (EOI) exercise, with a deadline set for July 16. This timeline underscores the urgency and highlights the potential for gains if you act quickly. It’s a timely opportunity that could lead to significant returns, especially given the ongoing demand for commercial spaces in prime locations throughout Singapore.
One of the standout features of this sale is its accessibility to foreign buyers and companies. There’s no Additional Buyers Stamp Duty (ABSD) or Sellers Stamp Duty (SSD) applicable, making this investment option even more attractive. This aspect opens the door for a broader range of investors, allowing you to enter the market without the added financial burdens often associated with property purchases.
Don’t miss out on this chance to acquire a property that not only holds significant investment potential but also contributes to the cultural fabric of the area. The combination of its location, conservation status, and commercial zoning makes this shophouse at 235 East Coast Road a standout opportunity.
If you’re ready to explore the benefits of this property, consider taking action before the EOI deadline arrives. With the right vision and strategy, this shophouse could become a cornerstone of your investment portfolio, offering both immediate and long-term rewards in a vibrant and growing community.
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The launch date has generated significant interest, with potential buyers encouraged to explore the Bloomsbury Residences price list and Bloomsbury Residences Project Details.
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News Source: Edgeprop
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