Knight Frank Singapore is pleased to announce the launch of three units of freehold 3 storey shophouses along Havelock Road for sale by Tender.
Each shophouse has a site area of between 1,572 sq. ft. to 1,885 sq. ft. and estimated lettable area of 3,119 sq. ft. to 3,622 sq. ft. The properties are zoned “Residential with Commercial at 1st storey”. The shophouse are currently tenanted to food and beverage operators on the ground floor while the upper floors are tenanted for residential uses.
“These retail units enjoy high vehicular visibility as it is located along the stretch of Havelock Road popular for Teochew Restaurants. It is rare to find freehold shophouses within an established housing estate with ample carpark facilities in the immediate vicinity. It presents an exceptional opportunity for strategic investors or owner-operators to acquire an asset with potential strong rental returns and capital appreciation from the future macro developments,” said Mary Sai, Executive Director of Investment & Capital Markets.
“The Subject Property is ideal for operations including Restaurant, Grocer/ Butcher Store, other service operators or retailers that require generous car parking space,” added Mary Sai.
The Tender closes on 28 May 2015, Thursday at 3 pm.
For further information, please contact:
Ms Mary Sai, Executive Director, Investment & Capital Markets
(E): firstname.lastname@example.org (D): +65 6228 6886 / (M): +65 9388 7879
Michael Lim, Associate Director, Corporate Communications
(E): email@example.com (D) +65 6228 7358