Sitting at the heart of Jalan Besar, next to famous Scissor cut curry rice, this significant monument building will be an ideal corporate image with a distinct element of heritage to portray your business. The uniqueness of this property is the beauty of a set back from the road, giving you ample common space for your outdoor alfresco.
Currently with an allotment of 3.0 plot ratio, it is capable for A&A rebuilt up to 6th storey, while the existing structure is only 4 storey. The usage varies from backpacker hostel, cafe, restaurant, clinic, showroom, agency, lawfirm, retail, customer service centre, takeaway food shop.
Selling with tenancy, being current tenant operating as hostel with 6yrs lease ending 2029, the owner is not putting this property on fire sale thus only sincere offer will be considered. Do drop me a text to understand more about this beautiful development.
Videos on hand, just didn’t upload here for sharing. PM me if keen to know more. All offer considered, price listed are starting from. Seek your pardon that seller tend not to entertain insincere offers.
Freehold Shophouse are not attractive for rental yield, but on the contrary, the game plan is to look ahead 10yrs or longer, in the capital appreciation strategy. I’m sure many has recollections of Shophouse prices just 10 years ago hovering barely 1-5mil, and it’s already 5-10mil nowadays. Fast forward another 10 years into 2030, you can be expecting a typical Shophouse will be between 10-15mins already! Thus, if you have funds that are sitting in your bank account depreciating year by year, it will be worthwhile to deposit in freehold real estates.
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