Freehold Retail Shop Unit at The Promenade @ Pelikat - With Tenancy!
A great investment opportunity awaits at The Promenade @ Pelikat! This unique freehold mixed development is ideally positioned where Kovan, Charlton, and Lorong Ah Soo meet, offering a vibrant and lush environment for any business. A truly strategic investment in the District 19 region, this unit offers an attractive opportunity with long-term potential due to upcoming developments in the area.
Property Details:
Unit Size: Approximately 237 sqft
Tenancy: Currently tenanted from 2 November 2024, providing immediate rental income
Condition: Photos are prior to current tenancy; unit is well-maintained and furnished
Location Highlights:
Easy Access: Conveniently located, just 8-10 minutes' walk to Kovan MRT and Heartland Mall
Nearby Amenities: Within a 500m radius, there are 10 pre-school centers, DPS International School, Lorong Ah Soo Wet Market, Kovan Heartland Mall, and Park Connector Network (PCN) for leisurely strolls.
Strategic Access Points: Accessible via Jalan Pelikat and Jalan Samarinda for ease of travel
Investment Advantages:
*Long-Term Upside: With the upcoming relocation of Paya Lebar Airbase, neighboring areas, including Hougang, are expected to see development boosts and the lifting of height restrictions, paving the way for increased amenities and optimized space use.
*Foreign Purchase Eligibility: Foreigners are eligible to purchase this property.
*Tax Exemptions: Not subject to Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD); GST applies.
Property Highlights:
Freehold Strata-Titled Commercial Unit: Ideal for retail, office, F&B, and shophouse setups
High-Traffic and Vibrant Location: Ideal exposure in a rapidly developing neighborhood
Don’t Miss Out!
This is a rare opportunity to own a prime freehold commercial property with existing tenancy in a thriving district!
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