3 Commercial Shophouses in Geylang Road for sales
Call Real Estate Professional Josh Chua from Charm Properties LLP at +659622XXXX for an exclusive viewing now.
Geylang Road is a historic area in Singapore, known for its rich cultural heritage and vibrant history. The shophouses along Geylang Road, with their distinctive architectural styles, reflect the area's multicultural heritage. The Architecture in Geylang is characterized by a mix of styles, including Late, Transitional and Art Deco shophouses. These buildings often feature ornate facades, intricate tilework, and colourful decorations, which are typical of Singapore's Peranakan culture. Many of these shophouses were built between the 1905 and 1945 and have been preserved. In recognition of its historicaI and cuIturaI significance, the URA of Singapore designated Geylang as a conservation area. According to URA's Master Plan 2019.
Geylang is slated for continued conservation and development that respects its historical context. The plan emphasizes the importance of balancing conservation with modernization.
Highlights of these 3 Shophouses:
1 . Rare Adjoining Shophouse with the Best Yielding Asset Class
2. Freehold Commercial with No ABSD / SSD
3. Rare Shophouse Approved Residential
Apartments
4. Land Betterment Charge Prepaid
5. No Setback
6. 8 minutes walk to MRT
7. Huge Growth Potential
These 3 Shophouses have approved usage of nightclub, Karaoke Lounge and Restaurant - the most sought after licenses for achieving the highest rental yields in commercial properties without vices.
Post A&A, this site will yield:
1 . 723.6 sqm of Shop (about 60% of total GFA)
2. 477.2 sqm of Residential (about 40% of total GFA)
Total GFA : 1,200.8 sqm (12,925 sqft)
Does not include the 4 carpark lots and the roof terrace.
The asking price will be $36m.
All government approval has been obtained and this project aims to complete within 18 to 24 months. This is definitely a rare gem for acute investor who has the foresight to see the tremendous payback within a short runway
Call Real Estate Professional Josh Chua from Charm Properties LLP at +659622XXXX for an exclusive viewing now.
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