Savills Singapore, as exclusive marketing agent, is pleased to announce a collection of shops and shophouse for sale by Expression of Interest. The collection consists of a freehold shophouse along Havelock Road and 4 HDB shop units in matured HDB estates.
727 Havelock Road
An intermediate 3-storey freehold shophouse consists of a ground floor retail shop and residential units on the upper floors. Located along Havelock Road, just after the junction with Beo Crescent, the property is within a row of shophouses famous for its eateries.
The city fringe property has a gross floor area of about 3,767 sq ft and land area about 1,574.8 sq ft. Under the 2014 Master Plan, it is zoned Residential with Commercial at 1st Storey and has a Plot Ratio of 3. Subject to approval, there is potential to undertake addition and alteration works to further enhance the value of the property.
Nestled amongst public housing estates Havelock View, Beo Crescent and Tiong Bahru View, there is a large catchment of foot traffic. Other notable landmarks such as Tiong Bahru Plaza, Delta House and Valley Point are located nearby.
The shophouse is easily accessible as it is well positioned near the main junction of Alexandra Road and Lower Delta Road which is also well served by public transportation. There are ample carpark lots within close proximity to the property and Tiong Bahru MRT is a short walk away.
“This Havelock shophouse presents an opportunity to own a rare collectible along this row of shophouses popular for its eateries. Prospective buyers can consider renting the ground floor space to a F&B operator and home office cum co-living concepts for the upper floor units, subject to approval. Hence while they enjoy immediate rental now, in future they can look to reposition the property through tenant upgrades and enhancement works.” said Donald Goh, director of investment sales at Savills Singapore.
4 HDB Shop Units
The collection of 4 HDB shop units formerly housed bank branches and one of them still has an existing bank vault within the premises. They each have a ground floor retail unit and living quarters on the second floor. Each unit with living quarters has a strata floor area ranging from 1,442 sq ft to 1,787 sq ft and are on HDB leases with remaining balance of between 57 years to 59 years. They are located within the Bukit Merah housing estate with a strong catchment of an estimated 144,000 residents.
65 Telok Blangah Drive – 2 adjoining units: Located off Henderson Road amidst clusters of HDB residential blocks and other amenities and walking distance to Telok Blangah MRT Station.
131 Jalan Bukit Merah – 2 adjoining units: Enjoys a prominent frontage to Bukit Merah Road, just before the Bukit Merah flyer over to CTE. The shops are located within housing development clusters of Kim Tian and Tiong Bahru estates.
“All 4 HDB shops are located prominently on the ground floor of HDB housing blocks. They enjoy healthy footfall and ready catchment of human traffic. The Telok Blangah shops will attract pawnshop or jewelry shop owners as there is a bank vault within the unit which they can use whereas the Bukit Merah shops will attract childcare operators looking to tap the market there”, added Donald.
The EOI closes on the 12th June 2018 Tuesday at 3pm.