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The HDB retail shop sits near the Sin Ming Industrial Estate with the potential of drawing high footfall from nearby HDB residents.
A corner HDB retail shop at Block 282 Bishan Street 22 has been put up for sale via expression of interest (EOI), with a guide price of $17 million, revealed marketing agent WTG Property.
With an area of 4,306 sq ft, the retail shop is located within the Bishan HDB estate and “enjoys good frontage with high visibility”. It is also well poised to attract high footfall from surrounding HDB residents and the nearby Sin Ming Industrial Estate.
Currently, the property is leased to a single master tenant who manages various shops. Tenant mix includes a household minimart, Chinese medical hall and food court.
However, potential buyers can opt to continue the lease or consider other trades subject to the approval of HDB upon the tenancy’s expiration next year.
“This HDB retail shop is a rare opportunity for investors looking for properties with good rental yield,” said Chai Chin Yun marketing director of WTG Property.
“Given its prominent location in the HDB heartlands, we expect this property to draw keen interest from individual investors as well as institutions seeking good rental income for the long term.”
The EOI exercise for the retail shop closes on 5 June.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
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