Geylang Road presents an opportunity to acquire two adjoining freehold shophouses with an established income stream and future repositioning potential. The properties comprise a combined land area of 3,007 sq ft and approximately 5,554 sq ft of existing built-up area, subject to survey. Each property is stated to have a plot ratio of 3.0, implying a combined theoretical plot-ratio GFA of approximately 9,021 sq ft, subject to planning parameters, conservation requirements and relevant approvals. The assets are currently tenanted at a combined S$35,000 per month.
The buyer has the potential to increase the total GFA to approximately 9,000 sq ft based on a stated plot ratio.
Potential Future Concepts
• Hotel: potential hospitality-led repositioning subject to approved use, planning controls, licensing and conservation requirements.
• Hostel: potential accommodation use subject to applicable use, licensing, fire-safety and regulatory requirements.
• Co-living: potential residential / hospitality-style concept subject to planning, use and regulatory approvals.
Important planning note The above concepts are presented as potential uses based on information supplied by the vendor. They should not be interpreted as approved uses, guaranteed redevelopment rights or confirmed development yield. Any redevelopment, addition and alteration, change of use or increase in GFA remains subject to detailed due diligence, survey, URA and other authority requirements, conservation guidelines, technical feasibility and all necessary approvals.
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