50/50 co broke welcomed.
Great investment opportunity of a HDB shophouse in the Central Region at the start of River Valley road, besides Valley Point Mall and offices. 47 years lease remaining. Coner Unit, Ample Carparks, No GST.
Unit was pre-covid period, approved for F&B. Currently there are only 2 F&B outlet in the vicinity, which is doing very well, serving nearby condo and offices.
Current rental
- shop unit - $3800 till Jan 2027, shop was previously approved for F&B (picture of the industrial kitchen from previous pre-covid tenant - upside if new tenant from F&B)
- Living quarter at $2700 till Jan 2027
The advantages of HDB shophouses investment are:
A) At the cheaper end of commercial shops and surrounded by HDB residents, owners of well located shophouses have been able command strong rental growth. (https://www.straitstimes.com/singapore/housing/rents-for-privately-held-hdb-shops-double-in-past-year-prices-hold-steady-for-those-leased-from-hdb)
B)Owners of HDB shophouse with living quarter can also expect to have greater rental stability from the residential component.
C)Shophouse tenants can expect business support in the form of cheap rental of the outdoor area from town councils to compliment their shop area. Tenants can also register themselves to be paid by CDC and SG50 vouchers, which nearby residents are entitled to.
look for my other HDB shophouse listing at
Ang Mo Kio - https://www.commercialguru.com.sg/listing/for-sale-157-ang-mo-kio-ave-4-500082231
French road -https://www.commercialguru.com.sg/listing/for-sale-801-french-road-23604883
Silat Avenue -https://www.commercialguru.com.sg/listing/for-sale-147-silat-avenue-60112888
Indus/River Valley - https://www.commercialguru.com.sg/listing/for-sale-corner-unit-77-indus-road-60112862
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