Vendor's Income Guarantee:
To ensure immediate cash flow stability, the seller is prepared to guarantee a rental income of $16,000 to $18,000/month for the Ground Floor for the first 6 months post-closing. This brings your guaranteed total portfolio rental to $32,000 β $34,000/month while a premium ground-floor tenant is finalized.
Prime District 02 | 3.5-Storey Heritage Shophouse | Turnkey Investment
An exceptional opportunity to acquire a pristine, freehold commercial shophouse in the heart of the vibrant Keong Saik heritage enclave. Having undergone a meticulous, top-to-bottom 2-year asset enhancement initiative (AEI), this property offers incoming investors an immediate, hassle-free income stream with zero capital expenditure required.
Key Asset Highlights
Tenure: Freehold (Rare & highly coveted in D02)
Configuration: 3.5 Storeys
Land Area: Approx. 1,271 sqft
Total Built-Up Area: Approx. 3,862 sqft
Asking Price: $22,800,000 (Slightly Negotiable)
Transactional Flexibility: Share sale preferred (Clean holding entity holding only this asset since inception), asset sale can be discussed.
Condition & Asset Enhancement
No expense has been spared in preserving and modernizing this heritage gem. Over a comprehensive 2-year period, the property underwent extensive renovation works, including:
A meticulously restored structural facade.
Fully modernized common staircases and structural upgrades.
Turnkey internal specifications across all floors, minimizing future downtime.
Tenancy Profile & Robust Yield Options
With a total projected monthly rental income of $36,000, this asset delivers highly competitive yields for the area. The vendor is also offering a rental guarantee to completely de-risk the transition period for the incoming buyer.
Location & Investment Merits
Unrivaled Footfall: Located on Keong Saik Road, a world-renowned lifestyle and culinary hotspot known for Michelin-starred restaurants, trendy boutique hotels, and creative offices.
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