Freehold conservation shophouse in Balestier on the block for $4.29 mil

Located near Bukit Batok Town’s Lorong Sesuai, Bukit Batok Nature Park is a 36-hectare city park. The park is a popular spot for picnicking and treking. There are a few locations in the town where you can see a various side of Singapore.

Bukit Batok EC Developer

Bukit Batok West Avenue 8 EC is well linked to features such as the West Mall and Bukit Batok West Shopping Centre. These schools are excellent for youngsters in the vicinity of the Bukit Batok West Avenue 8EC.

A two-storey freehold conservation shophouse on Balestier Road in District 12 will certainly be auctioned on Sept 20 with an overview rate of $4.288 million. According to One Global Group, which is handling the auction, it is an owner’s sale.

The shophouse has a built-up area of 2,036 sq ft. It has actually been clean as well as remains in move-in condition, says Linda Lim, One Global’s business sales supervisor. “Investors will not need to invest much on restorations unless they wish to transform the existing uses used at the site,” she adds.

The shophouse is about 700m far from the Toa Payoh MRT Station on the North-South Line. It is additionally within strolling range of two resorts– Ramada and Days Hotel at Zhongshan Park– which Lim states contributes to a constant pool of customer traffic to the instant vicinity.

Currently, the residential property’s very first floor is leased to a salon, while the second floor is rented out to a business renter. The home will be sold with the existing tenancies. “Potential owners looking to purchase this shophouse unit would have the ability to take advantage of the existing leasing plans that are in place, and they can expect a constant stream of rental revenue,” states Lim.
She adds that there is prospective to boost the home’s gross floor area. The website has a gross plot proportion of 3.0 and also an optimum permitted height of six storeys.

The shophouse has a land area extending 1,068 sq ft, which is approved for property and also business use. Therefore, immigrants are not qualified to buy the shophouse, and Additional Buyer’s Stamp Duty (ABSD) is applicable due to the domestic element.