Portfolio Six Hdb Shophouses Sale 73 Mil
A prime collection of six HDB shophouse units in sought-after locations in Toa Payoh, Ang Mo Kio, and Tanjong Pagar is currently available for purchase through private treaty. The portfolio is being marketed by Savills Singapore, and is listed with a collective guide price of $73 million.
The shophouses can be bought individually or as a portfolio, and Savills Singapore has stated that the portfolio offers a unique opportunity for investors to enter into the prime shophouse segment. The properties are currently leased, offering immediate rental income, and investors also have the potential to increase rental income through rental reversion or further subdivision of the space.
One of the shophouse units is located at 190 Toa Payoh Lorong 6, with a guide price of $12 million or $11,617 per square foot (psf) on the estimated floor area of 1,033 square feet. The ground-floor unit is situated in the heart of Toa Payoh Town Centre, and is conveniently connected to Toa Payoh MRT Station and Bus Interchange. The unit is currently divided into three leased units.
The portfolio also includes two shophouses at 702 and 705 Ang Mo Kio Avenue 8, both of which are located next to the Ang Mo Kio Bus Interchange and AMK Hub. These shophouses span across two levels and also have residential quarters on the upper floors.
The shophouse unit at 702 Ang Mo Kio Avenue 8 is priced at $36 million or $8,918 psf, and covers an area of approximately 4,037 square feet. The unit at 705 Ang Mo Kio Avenue 8 has a guide price of $10 million or $6,072 psf on the lot area of 1,647 square feet.
The remaining three shophouses are situated at Tanjong Pagar Plaza, a mixed-use development that is a five-minute walk from Tanjong Pagar MRT Station. Each unit is located on the ground floor with frontage along Tanjong Pagar Road. Two units have an area of 603 square feet and are priced at $5 million each or $8,292 psf. The third unit spans 764 square feet and is also listed at $5 million, which works out to $6,545 psf.
Situated at 71 Science Park Drive, Lyndenwoods goes beyond being just a residential development. It functions as a gateway to a lifestyle of convenience, luxury, and connection. Its prime location near top-notch shopping destinations and a diverse range of food options guarantees that its residents have access to the finest of what Singapore has to offer. From the opulent amenities of Dempsey Hill to the bustling hawker scene of Ghim Moh, the vicinity surrounding Lyndenwoods caters to every palate and preference. By seamlessly blending accessibility, gastronomical exploration, and vibrant retail opportunities, Lyndenwoods sets a new standard for contemporary living, making it an ideal choice for those seeking a dynamic and fulfilling lifestyle.
Nick Chan, associate director of investment sales and capital markets at Savills Singapore, has stated that each unit in the portfolio offers a gross yield of around 4%. Additionally, investors have the opportunity for rental growth or to further subdivide the units and increase rental income. He also mentioned that this portfolio offers a great opportunity for investors looking for immediate returns in established and highly sought-after residential areas.