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A freehold shophouse in Havelock Road (pictured) and four HDB shops in mature areas were put up for sale via expression of interest (EOI) by marketing agent Savills Singapore on Monday (7 May).
The intermediate three-storey freehold shophouse is situated at 727 Havelock Road. Aside from being close to Tiong Bahru MRT station, it enjoys high foot traffic as it is surrounded by the HDB estates of Havelock View, Beo Crescent and Tiong Bahru View.
“This Havelock shophouse presents an opportunity to own a rare collectible along this row of shophouses popular for its eateries. Prospective buyers can consider renting the ground floor space to an F&B operator and home office cum co-living concepts for the upper floor units, subject to approval,” said Donald Goh, the property agency’s director of investment sales.
The city fringe shophouse sits on a 1,574.8 sq ft site and has a gross floor area of around 3,767 sq ft. It comes with a ground floor retail shop and residential units on the upper floors, as is zoned residential with commercial for the lower floor.
Subject to approval from the relevant authorities, there is potential to undertake addition and alteration works to further enhance the value of the property, which has a plot ratio of 3.0.
Meanwhile, the HDB shops consist of two adjoining units at 65 Telok Blangah Drive and another two neighbouring properties at 131 Jalan Bukit Merah. All are located within the Bukit Merah housing estate.
Aside from having a strata floor area spanning 1,442 sq ft to 1,787 sq ft, their remaining lease tenures range from 57 years to 59 years. Each shop has a ground floor retail unit, while the second floor can be used as living quarters.
The two HDB shops in Telok Blangah Drive are within proximity to Telok Blangah MRT station, while those in Jalan Bukit Merah enjoy a prominent frontage on to Bukit Merah Road.
The HDB shops previously housed bank branches and one of them still has an existing bank vault.
“All four HDB shops are located prominently on the ground floor of HDB housing blocks. They enjoy healthy footfall and ready catchment of human traffic. The Telok Blangah shops will attract pawnshop or jewelry shop owners as there is a bank vault within the unit which they can use whereas the Bukit Merah shops will attract childcare operators looking to tap the market there”, Goh added.
The EOI exercise will close on 12 June.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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