The freehold shophouses along Macpherson Road is presently operating Food & Beverage business. The corner two-storey shophouse at Macpherson Road are zoned “Residential with Commercial at 1st-storey” with a gross plot ratio of 3.0 and a building height up to four storeys.
The shophouses enjoy prominent main road frontage and are currently tenanted with immediate rental income return. There are on-street car parking lots in front of the Property and an open air public carpark in the vicinity provide ample car parking and convenient access for commercial use.Tai Seng MRT station is about seven-minute walk from the Properties enjoy seamless connectivity to the key precincts island-wide. In recent years, the Paya Lebar and Tai Seng areas have also undergone vivid transformation with the completion of several large-scale commercial, industrial and high-rise residential developments. Three HDB blocks at Macpherson Lane, which are located next to the Properties, have also been identified for the Selective En Bloc Redevelopment Scheme, and more development initiatives can be expected in the future. Bidadari Estate, a 93-hectare housing estate which is under development, is a five-minute drive away and will inject much vibrancy to the entire area. The government has also announced plans to relocate Paya Lebar Airbase in 2030 which will have implications on the redevelopment potential of the area.We are also marketing other Shophouses at Macpherson Road.
The Shophouse is presently tenanted at total rental of $8,000 per month.
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