***** Pair of Freehold Conservation Shophouses For Sale *****
* Prime Geylang Road location
* Pair of adjoining conservation shophouses
* Freehold tenure
* Land area approx. 3,010 sqft
* Existing GFA approx. 5,600 sqft
* Plot ratio 3.0
* Approx. 350m walk to Paya Lebar MRT
* Fully tenanted with immediate rental income
* One unit tenanted to nightlife operator
* Adjoining unit has ground-floor retail tenant and co-living tenant on upper floors
* Multiple tenants provide diversified rental income
* Investors can continue collecting rental without immediate redevelopment
* Potential rear extension of up to 6 storeys, subject to approvals
* Potential GFA of approx. 9,000 sqft, subject to authorities’ approval
* Potential for hotel / office conversion, subject to approvals
* Full commercial property – no ABSD applicable
* Foreigners eligible to purchase
* Surrounded by eateries, shops and everyday amenities
* Strong commercial and residential catchment from Geylang and Paya Lebar
* Attractive opportunity for both income and future value-add potential
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