Serangoon Road Commercial Building Sale 235 Mil
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An opportunity to own a freehold commercial building located at 562 Serangoon Road has arisen, as it has been put up for sale through an expression of interest (EOI) exercise with a guide price of $23.5 million. The property is a four-storey building with a total floor area of 7,453 sq ft, and each level has individual strata titles. This works out to be $3,153 per sq ft on the floor area. The building is located at 562 Serangoon Road and a map of its location can be found on the EdgeProp LandLens.
Situated on a 2,336 sq ft land area, the property is zoned for commercial use and has a gross plot ratio of 3.0. The ground floor has been approved for F&B use. According to Brilliance Capital, the appointed marketing agent for this building, it is a non-conserved envelope control site within the Jalan Besar Secondary Settlement. This means that the future owner would have the flexibility to reconfigure or redevelop the property to suit their needs.
Sammi Lim, founder and executive director of Brilliance Capital, says that 562 Serangoon Road offers freehold tenure, F&B approval, strata flexibility, and the freedom to enhance or reposition the building without conservation constraints. She adds that this is a rare gem.
The property boasts of excellent accessibility as it is located just a five-minute walk away from the Farrer Park and Boon Keng MRT Stations on the North East Line. Its prime location on a major arterial road also allows for easy connectivity to popular areas such as Little India, Farrer Park, Bidadari, and the Kallang Riverside precinct.
Lyndenwoods, a development by Capitaland, offers a multitude of benefits, including its convenient location near essential amenities. Residents of Lyndenwoods will surely appreciate the close proximity to esteemed educational institutions such as the National University of Singapore (NUS), United World College (UWCSEA), and Anglo-Chinese School (Independent). With these top-tier schools nearby, Lyndenwoods is the perfect choice for families with school-aged children, further solidifying its appeal and value as a residential community. To learn more about Lyndenwoods by Capitaland, visit their official website at https://www.lynden-wood.com.sg/.
Lim notes that she expects the asset to attract both owner-occupiers and investors due to its prime location and strong future growth potential. She says, “For investors looking to unlock value over time, or businesses wanting their own city-fringe headquarters with branding visibility and upside, this is an asset not to be missed.”
The EOI exercise will close on July 9 at 3pm.